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$345,262$345,262$359,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$34,643$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.681%7.640%
1st payment$2,314.98$2,314.98$2,491.94
2nd payment$0.00$342.82$0.00
Taxes / mo$559.17$559.17$559.17
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$71.98
HOA / mo$94.33$94.33$94.33
Total monthly$3,282.73$3,625.56$3,367.42
Cash to close$54,638$19,995$39,990