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$349,863$349,863$359,099
Remaining term (yrs)26.326.330.0
Secondary amount$0$29,186$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate7.210%7.292%7.560%
1st payment$2,281.29$2,281.29$2,466.76
2nd payment$0.00$288.82$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$150.00$150.00$150.00
MI / mo$167.86$167.86$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,749.66$3,038.48$2,839.08
Cash to close$49,136$19,950$39,900