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$328,304$328,304$387,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$58,696$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.728%7.640%
1st payment$2,235.85$2,235.85$2,679.51
2nd payment$0.00$440.22$0.00
Taxes / mo$178.08$178.08$178.08
Insurance / mo$150.00$150.00$150.00
MI / mo$154.81$154.81$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,718.75$3,158.97$3,084.99
Cash to close$101,696$43,000$43,000