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$329,924$329,924$404,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$74,176$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.441%7.560%
1st payment$2,181.21$2,181.21$2,775.89
2nd payment$0.00$556.32$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,862.89$3,419.21$3,380.87
Cash to close$119,076$44,900$44,900