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$331,336$331,336$359,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$27,764$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.524%7.560%
1st payment$2,210.53$2,210.53$2,466.77
2nd payment$0.00$208.23$0.00
Taxes / mo$446.74$446.74$446.74
Insurance / mo$150.00$150.00$150.00
MI / mo$154.62$154.62$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,961.89$3,170.12$3,135.33
Cash to close$67,664$39,900$39,900