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$344,838$344,838$400,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$55,662$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.312%7.640%
1st payment$2,226.59$2,226.59$2,772.98
2nd payment$0.00$417.47$0.00
Taxes / mo$211.58$211.58$211.58
Insurance / mo$150.00$150.00$150.00
MI / mo$161.63$161.63$80.10
HOA / mo$2.50$2.50$2.50
Total monthly$2,752.30$3,169.77$3,217.16
Cash to close$100,162$44,500$44,500