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$323,415$323,415$350,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$27,584$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.790%7.885%7.560%
1st payment$2,233.58$2,233.58$2,411.12
2nd payment$0.00$206.88$0.00
Taxes / mo$113.75$113.75$113.75
Insurance / mo$150.00$150.00$150.00
MI / mo$239.25$239.25$70.20
HOA / mo$13.00$13.00$13.00
Total monthly$2,749.59$2,956.47$2,758.07
Cash to close$66,584$39,000$39,000