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$99,524$99,524$324,000
Remaining term (yrs)7.97.930.0
Secondary amount$0$224,476$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate7.150%7.566%7.640%
1st payment$1,322.48$1,322.48$2,243.31
2nd payment$0.00$1,449.74$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$151.34$151.34$64.80
HOA / mo$400.00$400.00$400.00
Total monthly$2,323.82$3,773.56$3,158.11
Cash to close$260,476$36,000$36,000