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$337,256$337,256$360,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$42,744$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.983%7.560%
1st payment$2,287.69$2,287.69$2,472.95
2nd payment$0.00$422.99$0.00
Taxes / mo$543.10$543.10$543.10
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,139.35$3,562.34$3,238.05
Cash to close$62,744$20,000$40,000