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$332,342$332,342$359,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$27,568$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.624%7.640%
1st payment$2,274.86$2,274.86$2,491.94
2nd payment$0.00$206.76$0.00
Taxes / mo$222.92$222.92$222.92
Insurance / mo$150.00$150.00$150.00
MI / mo$157.35$157.35$71.98
HOA / mo$167.00$167.00$167.00
Total monthly$2,972.13$3,178.89$3,103.84
Cash to close$67,558$39,990$39,990