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$354,201$354,201$385,935
Remaining term (yrs)29.529.530.0
Secondary amount$0$31,734$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate6.920%7.091%7.560%
1st payment$2,216.88$2,216.88$2,651.11
2nd payment$0.00$238.01$0.00
Taxes / mo$357.35$357.35$357.35
Insurance / mo$150.00$150.00$150.00
MI / mo$162.95$162.95$77.19
HOA / mo$54.17$54.17$54.17
Total monthly$2,941.35$3,179.36$3,289.81
Cash to close$74,616$42,882$42,882