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$328,126$328,126$346,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$37,624$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.232%7.640%
1st payment$2,093.67$2,093.67$2,399.10
2nd payment$0.00$372.32$0.00
Taxes / mo$398.50$398.50$398.50
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,799.68$3,172.00$3,016.90
Cash to close$56,874$19,250$38,500