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$327,302$327,302$351,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$43,198$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.727%7.640%
1st payment$2,119.95$2,119.95$2,430.25
2nd payment$0.00$427.48$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$151.67$151.67$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,746.61$3,174.10$2,975.45
Cash to close$62,698$19,500$39,000