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$336,016$336,016$369,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$32,984$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.188%7.640%
1st payment$2,163.13$2,163.13$2,554.88
2nd payment$0.00$247.38$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,812.31$3,059.69$3,120.35
Cash to close$73,984$41,000$41,000