Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$333,001$333,001$340,200
Remaining term (yrs)29.529.530.0
Secondary amount$0$26,099$0
Funding fee$0$0$0
Note rate6.380%6.380%7.400%
Blended rate6.930%7.289%7.640%
1st payment$2,086.37$2,086.37$2,355.48
2nd payment$0.00$258.27$0.00
Taxes / mo$315.00$315.00$315.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.20$153.20$68.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,704.56$2,962.83$2,888.52
Cash to close$44,999$18,900$37,800