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$350,573$350,573$359,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$28,477$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.265%7.640%
1st payment$2,270.53$2,270.53$2,486.34
2nd payment$0.00$281.80$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$167.42$167.42$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,920.45$3,202.25$3,040.66
Cash to close$48,427$19,950$39,900