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$322,894$322,894$387,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$64,106$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.430%7.690%7.560%
1st payment$2,152.99$2,152.99$2,658.42
2nd payment$0.00$480.79$0.00
Taxes / mo$613.17$613.17$613.17
Insurance / mo$150.00$150.00$150.00
MI / mo$239.28$239.28$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,155.44$3,636.23$3,498.99
Cash to close$107,106$43,000$43,000