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$352,606$352,606$377,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$25,304$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.386%7.640%
1st payment$2,306.83$2,306.83$2,616.57
2nd payment$0.00$189.78$0.00
Taxes / mo$130.53$130.53$130.53
Insurance / mo$150.00$150.00$150.00
MI / mo$163.52$163.52$75.58
HOA / mo$7.42$7.42$7.42
Total monthly$2,758.30$2,948.08$2,980.11
Cash to close$67,294$41,990$41,990