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$323,441$323,441$335,700
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,909$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.471%7.560%
1st payment$2,090.53$2,090.53$2,306.03
2nd payment$0.00$305.87$0.00
Taxes / mo$102.42$102.42$102.42
Insurance / mo$150.00$150.00$150.00
MI / mo$151.59$151.59$67.14
HOA / mo$0.00$0.00$0.00
Total monthly$2,494.53$2,800.40$2,625.58
Cash to close$49,559$18,650$37,300