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$347,955$347,955$359,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$31,950$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.877%7.560%
1st payment$2,342.22$2,342.22$2,472.33
2nd payment$0.00$316.17$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$162.01$162.01$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,987.48$3,303.65$3,027.56
Cash to close$51,945$19,995$39,990