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$340,568$340,568$531,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$190,432$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.461%7.640%
1st payment$2,244.25$2,244.25$3,676.54
2nd payment$0.00$1,269.55$0.00
Taxes / mo$307.75$307.75$307.75
Insurance / mo$166.67$166.67$166.67
MI / mo$160.89$160.89$106.20
HOA / mo$28.75$28.75$28.75
Total monthly$2,908.31$4,177.85$4,285.90
Cash to close$249,432$59,000$59,000