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$338,565$338,565$403,110
Remaining term (yrs)26.926.930.0
Secondary amount$0$64,545$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%7.883%7.640%
1st payment$2,352.85$2,352.85$2,791.05
2nd payment$0.00$484.09$0.00
Taxes / mo$485.50$485.50$485.50
Insurance / mo$150.00$150.00$150.00
MI / mo$160.15$160.15$80.62
HOA / mo$25.00$25.00$25.00
Total monthly$3,173.50$3,657.59$3,532.17
Cash to close$109,335$44,790$44,790