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$333,725$333,725$350,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,680$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.429%7.560%
1st payment$2,171.97$2,171.97$2,410.51
2nd payment$0.00$362.98$0.00
Taxes / mo$163.67$163.67$163.67
Insurance / mo$150.00$150.00$150.00
MI / mo$159.32$159.32$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,644.95$3,007.94$2,794.36
Cash to close$56,175$19,495$38,990