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$356,602$356,602$372,600
Remaining term (yrs)26.426.430.0
Secondary amount$0$36,698$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.292%7.640%
1st payment$2,302.20$2,302.20$2,579.81
2nd payment$0.00$363.16$0.00
Taxes / mo$345.00$345.00$345.00
Insurance / mo$150.00$150.00$150.00
MI / mo$171.01$171.01$74.52
HOA / mo$0.00$0.00$0.00
Total monthly$2,968.21$3,331.37$3,149.33
Cash to close$57,398$20,700$41,400