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$343,050$343,050$359,999
Remaining term (yrs)26.826.830.0
Secondary amount$0$36,949$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%8.052%7.640%
1st payment$2,382.17$2,382.17$2,492.56
2nd payment$0.00$365.64$0.00
Taxes / mo$543.83$543.83$543.83
Insurance / mo$150.00$150.00$150.00
MI / mo$162.63$162.63$72.00
HOA / mo$87.33$87.33$87.33
Total monthly$3,325.96$3,691.60$3,345.72
Cash to close$56,949$20,000$40,000