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$321,234$321,234$400,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$79,266$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.644%7.640%
1st payment$2,114.00$2,114.00$2,772.98
2nd payment$0.00$594.50$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,784.07$3,378.56$3,373.91
Cash to close$123,766$44,500$44,500