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$328,543$328,543$346,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$37,207$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.406%7.560%
1st payment$2,063.99$2,063.99$2,380.21
2nd payment$0.00$368.19$0.00
Taxes / mo$148.17$148.17$148.17
Insurance / mo$150.00$150.00$150.00
MI / mo$152.03$152.03$69.30
HOA / mo$11.67$11.67$11.67
Total monthly$2,525.86$2,894.05$2,759.35
Cash to close$56,457$19,250$38,500