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$330,604$330,604$351,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$39,896$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.355%7.560%
1st payment$2,057.69$2,057.69$2,411.13
2nd payment$0.00$394.80$0.00
Taxes / mo$401.33$401.33$401.33
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,762.03$3,156.83$3,032.66
Cash to close$59,396$19,500$39,000