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$330,059$330,059$351,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$40,441$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.309%7.640%
1st payment$2,072.09$2,072.09$2,430.25
2nd payment$0.00$400.20$0.00
Taxes / mo$378.55$378.55$378.55
Insurance / mo$150.00$150.00$150.00
MI / mo$155.06$155.06$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,755.71$3,155.90$3,029.01
Cash to close$59,941$19,500$39,000