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$353,950$353,950$449,999
Remaining term (yrs)27.927.930.0
Secondary amount$0$96,049$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.647%7.560%
1st payment$2,340.53$2,340.53$3,091.18
2nd payment$0.00$720.37$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$165.73$165.73$90.00
HOA / mo$382.00$382.00$382.00
Total monthly$3,471.59$4,191.96$4,146.51
Cash to close$146,049$50,000$50,000