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$327,818$327,818$512,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$185,092$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%7.789%7.640%
1st payment$2,278.17$2,278.17$3,551.29
2nd payment$0.00$1,233.95$0.00
Taxes / mo$379.75$379.75$379.75
Insurance / mo$166.67$166.67$166.67
MI / mo$155.06$155.06$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,979.65$4,213.60$4,200.28
Cash to close$242,082$56,990$56,990