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$332,557$332,557$374,310
Remaining term (yrs)28.328.330.0
Secondary amount$0$41,753$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.632%7.640%
1st payment$2,229.69$2,229.69$2,591.65
2nd payment$0.00$313.14$0.00
Taxes / mo$153.00$153.00$153.00
Insurance / mo$150.00$150.00$150.00
MI / mo$155.01$155.01$74.86
HOA / mo$0.00$0.00$0.00
Total monthly$2,687.70$3,000.84$2,969.51
Cash to close$83,343$41,590$41,590