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$352,692$352,692$467,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$115,218$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.525%7.640%
1st payment$2,369.61$2,369.61$3,239.71
2nd payment$0.00$768.12$0.00
Taxes / mo$521.08$521.08$521.08
Insurance / mo$166.67$166.67$166.67
MI / mo$166.25$166.25$93.58
HOA / mo$149.00$149.00$149.00
Total monthly$3,372.61$4,140.73$4,170.05
Cash to close$167,208$51,990$51,990