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$329,788$329,788$369,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$39,212$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.793%7.640%
1st payment$2,269.51$2,269.51$2,554.88
2nd payment$0.00$294.09$0.00
Taxes / mo$538.17$538.17$538.17
Insurance / mo$150.00$150.00$150.00
MI / mo$154.78$154.78$73.80
HOA / mo$135.00$135.00$135.00
Total monthly$3,247.46$3,541.55$3,451.85
Cash to close$80,212$41,000$41,000