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$336,988$336,988$431,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$94,112$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.750%8.023%7.640%
1st payment$2,318.63$2,318.63$2,984.85
2nd payment$0.00$705.84$0.00
Taxes / mo$355.33$355.33$355.33
Insurance / mo$166.67$166.67$166.67
MI / mo$249.37$249.37$86.22
HOA / mo$15.00$15.00$15.00
Total monthly$3,105.01$3,810.84$3,608.07
Cash to close$142,012$47,900$47,900