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$334,602$334,602$373,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$38,898$0
Funding fee$0$0$0
Note rate6.860%6.860%7.320%
Blended rate7.410%7.576%7.560%
1st payment$2,221.95$2,221.95$2,565.69
2nd payment$0.00$291.73$0.00
Taxes / mo$226.42$226.42$226.42
Insurance / mo$150.00$150.00$150.00
MI / mo$155.26$155.26$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,753.63$3,045.36$3,016.80
Cash to close$80,398$41,500$41,500