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$329,666$329,666$350,936
Remaining term (yrs)27.427.430.0
Secondary amount$0$40,767$0
Funding fee$0$0$0
Note rate7.250%7.250%7.320%
Blended rate7.800%8.248%7.560%
1st payment$2,307.93$2,307.93$2,410.69
2nd payment$0.00$403.42$0.00
Taxes / mo$112.08$112.08$112.08
Insurance / mo$150.00$150.00$150.00
MI / mo$155.06$155.06$70.19
HOA / mo$0.00$0.00$0.00
Total monthly$2,725.07$3,128.49$2,742.96
Cash to close$60,263$19,496$38,993