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$334,285$334,285$404,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$70,625$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.654%7.640%
1st payment$2,241.33$2,241.33$2,803.52
2nd payment$0.00$529.69$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$150.00$150.00$150.00
MI / mo$157.25$157.25$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,981.92$3,511.61$3,467.83
Cash to close$115,615$44,990$44,990