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$345,644$345,644$359,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$33,406$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.667%7.640%
1st payment$2,314.98$2,314.98$2,486.34
2nd payment$0.00$330.58$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,961.74$3,292.32$3,040.66
Cash to close$53,356$19,950$39,900