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$342,560$342,560$359,100
Remaining term (yrs)29.329.330.0
Secondary amount$0$36,490$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%7.198%7.640%
1st payment$2,101.42$2,101.42$2,486.34
2nd payment$0.00$361.10$0.00
Taxes / mo$111.67$111.67$111.67
Insurance / mo$150.00$150.00$150.00
MI / mo$158.09$158.09$71.82
HOA / mo$130.00$130.00$130.00
Total monthly$2,651.19$3,012.28$2,949.83
Cash to close$56,440$19,950$39,900