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$326,518$326,518$431,999
Remaining term (yrs)27.927.930.0
Secondary amount$0$105,481$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.494%7.640%
1st payment$2,171.95$2,171.95$2,991.07
2nd payment$0.00$703.20$0.00
Taxes / mo$240.50$240.50$240.50
Insurance / mo$166.67$166.67$166.67
MI / mo$153.01$153.01$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,732.13$3,435.33$3,484.64
Cash to close$153,481$48,000$48,000