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$328,427$328,427$562,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$234,073$0
Funding fee$0$0$0
Note rate7.630%7.630%7.320%
Blended rate8.180%8.001%7.560%
1st payment$2,388.92$2,388.92$3,863.98
2nd payment$0.00$1,511.72$0.00
Taxes / mo$359.08$359.08$359.08
Insurance / mo$166.67$166.67$166.67
MI / mo$154.62$154.62$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,069.29$4,581.01$4,502.23
Cash to close$296,573$62,500$62,500