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$350,894$350,894$440,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$90,105$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.695%7.560%
1st payment$2,370.21$2,370.21$3,029.36
2nd payment$0.00$675.79$0.00
Taxes / mo$308.12$308.12$308.12
Insurance / mo$166.67$166.67$166.67
MI / mo$166.47$166.47$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,011.46$3,687.25$3,592.35
Cash to close$139,105$49,000$49,000