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$336,363$336,363$346,410
Remaining term (yrs)28.428.430.0
Secondary amount$0$29,292$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.575%7.640%
1st payment$2,193.57$2,193.57$2,398.47
2nd payment$0.00$289.86$0.00
Taxes / mo$55.00$55.00$55.00
Insurance / mo$150.00$150.00$150.00
MI / mo$156.61$156.61$69.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,555.18$2,845.04$2,672.75
Cash to close$48,537$19,245$38,490