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$327,274$327,274$360,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$32,726$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.509%7.560%
1st payment$2,210.66$2,210.66$2,472.95
2nd payment$0.00$245.44$0.00
Taxes / mo$458.08$458.08$458.08
Insurance / mo$150.00$150.00$150.00
MI / mo$155.26$155.26$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,974.00$3,219.45$3,153.03
Cash to close$72,726$40,000$40,000