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$326,557$326,557$338,399
Remaining term (yrs)28.028.030.0
Secondary amount$0$30,642$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.089%7.640%
1st payment$2,022.76$2,022.76$2,343.01
2nd payment$0.00$303.23$0.00
Taxes / mo$134.33$134.33$134.33
Insurance / mo$150.00$150.00$150.00
MI / mo$153.15$153.15$67.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,460.24$2,763.47$2,695.02
Cash to close$49,442$18,800$37,600