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$332,407$332,407$378,000
Remaining term (yrs)29.729.730.0
Secondary amount$0$45,593$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate6.910%7.162%7.640%
1st payment$2,074.39$2,074.39$2,617.20
2nd payment$0.00$341.95$0.00
Taxes / mo$219.92$219.92$219.92
Insurance / mo$150.00$150.00$150.00
MI / mo$152.64$152.64$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,596.94$2,938.89$3,062.71
Cash to close$87,593$42,000$42,000