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$351,090$351,090$359,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$27,960$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.406%7.640%
1st payment$2,314.91$2,314.91$2,486.34
2nd payment$0.00$276.69$0.00
Taxes / mo$151.08$151.08$151.08
Insurance / mo$150.00$150.00$150.00
MI / mo$167.86$167.86$71.82
HOA / mo$31.92$31.92$31.92
Total monthly$2,815.78$3,092.47$2,891.16
Cash to close$47,910$19,950$39,900