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$336,367$336,367$369,450
Remaining term (yrs)28.428.430.0
Secondary amount$0$33,083$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.716%7.640%
1st payment$2,282.02$2,282.02$2,558.00
2nd payment$0.00$248.12$0.00
Taxes / mo$206.08$206.08$206.08
Insurance / mo$150.00$150.00$150.00
MI / mo$156.58$156.58$73.89
HOA / mo$66.67$66.67$66.67
Total monthly$2,861.36$3,109.48$3,054.64
Cash to close$74,133$41,050$41,050