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$327,014$327,014$364,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$37,486$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.663%7.560%
1st payment$2,238.39$2,238.39$2,503.86
2nd payment$0.00$281.14$0.00
Taxes / mo$289.42$289.42$289.42
Insurance / mo$150.00$150.00$150.00
MI / mo$154.83$154.83$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,832.64$3,113.78$3,016.18
Cash to close$77,986$40,500$40,500