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$322,607$322,607$342,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,393$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.903%7.640%
1st payment$2,173.48$2,173.48$2,367.94
2nd payment$0.00$379.93$0.00
Taxes / mo$493.58$493.58$493.58
Insurance / mo$150.00$150.00$150.00
MI / mo$151.56$151.56$68.40
HOA / mo$360.00$360.00$360.00
Total monthly$3,328.63$3,708.56$3,439.92
Cash to close$57,393$19,000$38,000