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$323,975$323,975$333,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$27,525$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.210%7.575%7.560%
1st payment$2,145.35$2,145.35$2,287.48
2nd payment$0.00$272.38$0.00
Taxes / mo$72.58$72.58$72.58
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,520.95$2,793.33$2,576.66
Cash to close$46,025$18,500$37,000