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$328,788$328,788$350,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$40,762$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.769%7.640%
1st payment$2,202.09$2,202.09$2,424.02
2nd payment$0.00$403.37$0.00
Taxes / mo$102.92$102.92$102.92
Insurance / mo$150.00$150.00$150.00
MI / mo$156.25$156.25$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,611.25$3,014.62$2,746.96
Cash to close$60,212$19,450$38,900