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$332,386$332,386$368,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$36,524$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.162%7.640%
1st payment$2,123.36$2,123.36$2,554.26
2nd payment$0.00$273.93$0.00
Taxes / mo$227.26$227.26$227.26
Insurance / mo$150.00$150.00$150.00
MI / mo$247.93$247.93$73.78
HOA / mo$16.67$16.67$16.67
Total monthly$2,765.22$3,039.15$3,021.97
Cash to close$77,514$40,990$40,990