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$331,499$331,499$396,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$64,501$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.728%7.640%
1st payment$2,224.87$2,224.87$2,741.82
2nd payment$0.00$483.76$0.00
Taxes / mo$411.00$411.00$411.00
Insurance / mo$150.00$150.00$150.00
MI / mo$154.36$154.36$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,940.24$3,424.00$3,382.02
Cash to close$108,501$44,000$44,000