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$326,994$326,994$351,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$43,506$0
Funding fee$0$0$0
Note rate6.320%6.320%7.320%
Blended rate6.870%7.458%7.560%
1st payment$2,118.77$2,118.77$2,411.13
2nd payment$0.00$430.52$0.00
Taxes / mo$82.83$82.83$82.83
Insurance / mo$150.00$150.00$150.00
MI / mo$156.56$156.56$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,508.17$2,938.69$2,714.16
Cash to close$63,006$19,500$39,000