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$332,897$332,897$382,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$49,603$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate7.180%7.416%7.640%
1st payment$2,164.37$2,164.37$2,648.35
2nd payment$0.00$372.02$0.00
Taxes / mo$271.58$271.58$271.58
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,832.86$3,204.88$3,146.44
Cash to close$92,103$42,500$42,500