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$336,891$336,891$494,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$157,209$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.468%7.560%
1st payment$2,199.28$2,199.28$3,394.12
2nd payment$0.00$1,048.06$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$156.70$156.70$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,980.14$4,028.20$4,117.11
Cash to close$212,109$54,900$54,900