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$324,308$324,308$528,660
Remaining term (yrs)26.526.530.0
Secondary amount$0$204,352$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.345%7.640%
1st payment$2,144.08$2,144.08$3,660.34
2nd payment$0.00$1,319.78$0.00
Taxes / mo$176.83$176.83$176.83
Insurance / mo$166.67$166.67$166.67
MI / mo$154.83$154.83$105.73
HOA / mo$0.00$0.00$0.00
Total monthly$2,642.41$3,962.19$4,109.57
Cash to close$263,092$58,740$58,740