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$328,856$328,856$409,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$80,644$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.691%7.560%
1st payment$2,211.76$2,211.76$2,812.98
2nd payment$0.00$604.83$0.00
Taxes / mo$173.30$173.30$173.30
Insurance / mo$166.67$166.67$166.67
MI / mo$155.18$155.18$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,706.90$3,311.73$3,234.85
Cash to close$126,144$45,500$45,500