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$347,539$347,539$369,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$41,961$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.820%7.640%
1st payment$2,323.54$2,323.54$2,554.88
2nd payment$0.00$415.24$0.00
Taxes / mo$171.17$171.17$171.17
Insurance / mo$150.00$150.00$150.00
MI / mo$163.69$163.69$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,808.40$3,223.64$2,949.85
Cash to close$62,461$20,500$41,000