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$332,224$332,224$405,000
Remaining term (yrs)29.729.730.0
Secondary amount$0$72,776$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.343%7.560%
1st payment$2,088.45$2,088.45$2,782.07
2nd payment$0.00$545.82$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$150.00$150.00$150.00
MI / mo$152.55$152.55$81.00
HOA / mo$75.00$75.00$75.00
Total monthly$2,874.33$3,420.15$3,496.40
Cash to close$117,776$45,000$45,000