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$336,544$336,544$413,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$77,455$0
Funding fee$0$0$0
Note rate6.290%6.290%7.400%
Blended rate7.140%7.488%7.640%
1st payment$2,185.02$2,185.02$2,866.45
2nd payment$0.00$580.92$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$250.31$250.31$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,985.33$3,566.25$3,499.25
Cash to close$123,455$46,000$46,000