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$338,771$338,771$359,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$41,134$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.983%7.640%
1st payment$2,280.39$2,280.39$2,491.94
2nd payment$0.00$407.06$0.00
Taxes / mo$422.33$422.33$422.33
Insurance / mo$150.00$150.00$150.00
MI / mo$157.73$157.73$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,010.46$3,417.52$3,136.26
Cash to close$61,129$19,995$39,990