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$342,163$342,163$386,999
Remaining term (yrs)29.329.330.0
Secondary amount$0$44,837$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.028%7.560%
1st payment$2,114.43$2,114.43$2,658.42
2nd payment$0.00$336.27$0.00
Taxes / mo$358.33$358.33$358.33
Insurance / mo$150.00$150.00$150.00
MI / mo$157.90$157.90$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,780.66$3,116.93$3,244.15
Cash to close$87,836$43,000$43,000