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$334,855$334,855$512,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$178,055$0
Funding fee$0$0$0
Note rate7.100%7.100%7.320%
Blended rate7.650%7.772%7.560%
1st payment$2,304.38$2,304.38$3,523.34
2nd payment$0.00$1,187.03$0.00
Taxes / mo$674.23$674.23$674.23
Insurance / mo$166.67$166.67$166.67
MI / mo$157.16$157.16$102.58
HOA / mo$151.33$151.33$151.33
Total monthly$3,453.76$4,640.80$4,618.14
Cash to close$235,045$56,990$56,990