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$326,054$326,054$449,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$123,046$0
Funding fee$0$0$0
Note rate6.000%6.000%7.320%
Blended rate6.550%6.947%7.560%
1st payment$1,964.74$1,964.74$3,085.01
2nd payment$0.00$820.30$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$150.20$150.20$89.82
HOA / mo$467.00$467.00$467.00
Total monthly$3,164.44$3,984.74$4,224.33
Cash to close$172,946$49,900$49,900