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$347,607$347,607$449,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$101,493$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.265%7.640%
1st payment$2,219.79$2,219.79$3,109.48
2nd payment$0.00$676.62$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$160.96$160.96$89.82
HOA / mo$44.00$44.00$44.00
Total monthly$3,007.26$3,683.88$3,825.80
Cash to close$151,393$49,900$49,900