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$324,385$324,385$335,700
Remaining term (yrs)27.827.830.0
Secondary amount$0$29,965$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.788%7.640%
1st payment$2,176.87$2,176.87$2,324.32
2nd payment$0.00$296.53$0.00
Taxes / mo$211.75$211.75$211.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.11$152.11$67.14
HOA / mo$0.00$0.00$0.00
Total monthly$2,690.73$2,987.26$2,753.21
Cash to close$48,615$18,650$37,300