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$340,384$340,384$346,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$25,366$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.245%7.640%
1st payment$2,138.38$2,138.38$2,399.10
2nd payment$0.00$251.01$0.00
Taxes / mo$470.42$470.42$470.42
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$69.30
HOA / mo$28.67$28.67$28.67
Total monthly$2,944.97$3,195.99$3,117.48
Cash to close$44,616$19,250$38,500