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$326,415$326,415$359,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$33,495$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.195%7.640%
1st payment$2,101.33$2,101.33$2,491.94
2nd payment$0.00$251.21$0.00
Taxes / mo$137.42$137.42$137.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,541.75$2,792.97$2,851.34
Cash to close$73,485$39,990$39,990