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$328,588$328,588$339,750
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,037$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.876%7.640%
1st payment$2,251.52$2,251.52$2,352.36
2nd payment$0.00$297.24$0.00
Taxes / mo$199.50$199.50$199.50
Insurance / mo$150.00$150.00$150.00
MI / mo$155.74$155.74$67.95
HOA / mo$115.00$115.00$115.00
Total monthly$2,871.75$3,168.99$2,884.81
Cash to close$48,912$18,875$37,750