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$343,080$343,080$359,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,970$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.644%7.560%
1st payment$2,294.92$2,294.92$2,466.77
2nd payment$0.00$355.95$0.00
Taxes / mo$654.58$654.58$654.58
Insurance / mo$150.00$150.00$150.00
MI / mo$163.85$163.85$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,263.34$3,619.30$3,343.17
Cash to close$55,920$19,950$39,900