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$329,583$329,583$355,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$25,917$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.684%7.640%
1st payment$2,250.71$2,250.71$2,461.41
2nd payment$0.00$194.38$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$154.59$154.59$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,884.46$3,078.84$3,011.68
Cash to close$65,417$39,500$39,500