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$322,549$322,549$351,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$28,451$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.470%7.594%7.560%
1st payment$2,177.23$2,177.23$2,411.13
2nd payment$0.00$213.38$0.00
Taxes / mo$92.58$92.58$92.58
Insurance / mo$150.00$150.00$150.00
MI / mo$151.21$151.21$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,571.02$2,784.41$2,723.91
Cash to close$67,451$39,000$39,000