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$352,496$352,496$405,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$52,504$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.277%7.640%
1st payment$2,271.50$2,271.50$2,804.14
2nd payment$0.00$393.78$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.23$165.23$81.00
HOA / mo$34.17$34.17$34.17
Total monthly$2,995.90$3,389.68$3,444.31
Cash to close$97,504$45,000$45,000