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$338,789$338,789$440,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$101,311$0
Funding fee$0$0$0
Note rate6.320%6.320%7.320%
Blended rate6.870%7.130%7.560%
1st payment$2,192.55$2,192.55$3,023.18
2nd payment$0.00$675.41$0.00
Taxes / mo$407.50$407.50$407.50
Insurance / mo$166.67$166.67$166.67
MI / mo$162.01$162.01$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,928.73$3,604.14$3,685.37
Cash to close$150,211$48,900$48,900