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$337,979$337,979$386,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$48,121$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.696%7.560%
1st payment$2,315.86$2,315.86$2,652.24
2nd payment$0.00$360.91$0.00
Taxes / mo$731.00$731.00$731.00
Insurance / mo$150.00$150.00$150.00
MI / mo$160.19$160.19$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,357.05$3,717.96$3,610.46
Cash to close$91,021$42,900$42,900