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$345,319$345,319$400,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$55,181$0
Funding fee$0$0$0
Note rate6.190%6.190%7.320%
Blended rate6.740%7.051%7.560%
1st payment$2,131.53$2,131.53$2,751.16
2nd payment$0.00$413.85$0.00
Taxes / mo$148.00$148.00$148.00
Insurance / mo$150.00$150.00$150.00
MI / mo$159.68$159.68$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,589.21$3,003.07$3,129.26
Cash to close$99,681$44,500$44,500