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$338,279$338,279$386,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$47,821$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.151%7.640%
1st payment$2,125.07$2,125.07$2,673.28
2nd payment$0.00$358.66$0.00
Taxes / mo$242.75$242.75$242.75
Insurance / mo$150.00$150.00$150.00
MI / mo$156.70$156.70$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,674.51$3,033.17$3,143.25
Cash to close$90,721$42,900$42,900