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$352,394$352,394$449,550
Remaining term (yrs)27.327.330.0
Secondary amount$0$97,156$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.722%7.560%
1st payment$2,370.06$2,370.06$3,088.10
2nd payment$0.00$728.67$0.00
Taxes / mo$86.83$86.83$86.83
Insurance / mo$166.67$166.67$166.67
MI / mo$166.29$166.29$89.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,789.85$3,518.52$3,431.51
Cash to close$147,106$49,950$49,950