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$348,707$348,707$396,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$47,293$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%6.913%7.640%
1st payment$2,157.75$2,157.75$2,741.82
2nd payment$0.00$354.70$0.00
Taxes / mo$382.58$382.58$382.58
Insurance / mo$150.00$150.00$150.00
MI / mo$163.55$163.55$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,853.87$3,208.57$3,353.61
Cash to close$91,293$44,000$44,000