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$325,030$325,030$359,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$34,880$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.636%7.640%
1st payment$2,206.97$2,206.97$2,491.94
2nd payment$0.00$261.60$0.00
Taxes / mo$289.58$289.58$289.58
Insurance / mo$150.00$150.00$150.00
MI / mo$152.97$152.97$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,799.52$3,061.12$3,003.51
Cash to close$74,870$39,990$39,990