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$343,461$343,461$373,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$30,039$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.400%7.640%
1st payment$2,300.36$2,300.36$2,586.04
2nd payment$0.00$225.29$0.00
Taxes / mo$230.58$230.58$230.58
Insurance / mo$150.00$150.00$150.00
MI / mo$163.22$163.22$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,844.17$3,069.46$3,041.32
Cash to close$71,539$41,500$41,500