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$320,831$320,831$364,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$43,669$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.416%7.640%
1st payment$2,090.24$2,090.24$2,523.72
2nd payment$0.00$327.52$0.00
Taxes / mo$211.00$211.00$211.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,600.47$2,927.99$2,957.62
Cash to close$84,169$40,500$40,500