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$346,665$346,665$404,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$58,334$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.365%7.640%
1st payment$2,291.89$2,291.89$2,804.13
2nd payment$0.00$437.51$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.50$165.50$81.00
HOA / mo$332.00$332.00$332.00
Total monthly$3,314.39$3,751.90$3,742.13
Cash to close$103,334$45,000$45,000