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$333,281$333,281$387,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$53,719$0
Funding fee$0$0$0
Note rate6.430%6.430%7.240%
Blended rate6.980%7.260%7.480%
1st payment$2,093.16$2,093.16$2,637.40
2nd payment$0.00$402.89$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$152.89$152.89$77.40
HOA / mo$500.00$500.00$500.00
Total monthly$3,254.39$3,657.28$3,723.13
Cash to close$96,719$43,000$43,000