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$339,849$339,849$369,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$29,151$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%6.826%7.560%
1st payment$2,335.33$2,335.33$2,534.77
2nd payment$0.00$218.64$0.00
Taxes / mo$374.83$374.83$374.83
Insurance / mo$150.00$150.00$150.00
MI / mo$161.82$161.82$73.80
HOA / mo$10.00$10.00$10.00
Total monthly$3,031.98$3,250.62$3,143.41
Cash to close$70,151$41,000$41,000