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$332,009$332,009$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$50,491$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.438%7.640%
1st payment$2,220.86$2,220.86$2,648.35
2nd payment$0.00$378.68$0.00
Taxes / mo$181.83$181.83$181.83
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,711.25$3,089.94$3,056.69
Cash to close$92,991$42,500$42,500