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$326,470$326,470$346,410
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,185$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.567%7.640%
1st payment$2,110.10$2,110.10$2,398.47
2nd payment$0.00$387.77$0.00
Taxes / mo$137.42$137.42$137.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,550.53$2,938.30$2,755.17
Cash to close$58,430$19,245$38,490