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$328,703$328,703$427,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$98,797$0
Funding fee$0$0$0
Note rate6.270%6.270%7.240%
Blended rate6.820%7.324%7.480%
1st payment$2,124.70$2,124.70$2,913.40
2nd payment$0.00$740.98$0.00
Taxes / mo$114.25$114.25$114.25
Insurance / mo$166.67$166.67$166.67
MI / mo$157.83$157.83$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,563.45$3,304.42$3,279.82
Cash to close$146,297$47,500$47,500