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$332,166$332,166$377,996
Remaining term (yrs)29.429.430.0
Secondary amount$0$45,830$0
Funding fee$0$0$0
Note rate6.010%6.010%7.320%
Blended rate6.560%6.856%7.560%
1st payment$2,003.69$2,003.69$2,596.57
2nd payment$0.00$343.72$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,656.70$3,000.42$3,172.16
Cash to close$87,829$42,000$42,000