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$345,875$345,875$360,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$34,125$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.283%7.640%
1st payment$2,232.39$2,232.39$2,492.57
2nd payment$0.00$337.69$0.00
Taxes / mo$743.08$743.08$743.08
Insurance / mo$150.00$150.00$150.00
MI / mo$165.65$165.65$72.00
HOA / mo$562.00$562.00$562.00
Total monthly$3,853.13$4,190.82$4,019.65
Cash to close$54,125$20,000$40,000