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$334,994$334,994$418,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$83,506$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.615%7.640%
1st payment$2,189.56$2,189.56$2,897.61
2nd payment$0.00$626.29$0.00
Taxes / mo$184.83$184.83$184.83
Insurance / mo$166.67$166.67$166.67
MI / mo$155.20$155.20$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,696.26$3,322.56$3,332.81
Cash to close$130,006$46,500$46,500