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$323,278$323,278$342,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$37,722$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.187%7.640%
1st payment$2,050.63$2,050.63$2,367.94
2nd payment$0.00$373.29$0.00
Taxes / mo$116.42$116.42$116.42
Insurance / mo$150.00$150.00$150.00
MI / mo$155.26$155.26$68.40
HOA / mo$84.00$84.00$84.00
Total monthly$2,556.30$2,929.59$2,786.76
Cash to close$56,722$19,000$38,000