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$339,600$339,600$386,100
Remaining term (yrs)27.027.030.0
Secondary amount$0$46,500$0
Funding fee$0$0$0
Note rate7.500%7.500%7.400%
Blended rate8.050%8.164%7.640%
1st payment$2,442.98$2,442.98$2,673.28
2nd payment$0.00$348.75$0.00
Taxes / mo$708.25$708.25$708.25
Insurance / mo$150.00$150.00$150.00
MI / mo$160.14$160.14$77.22
HOA / mo$138.00$138.00$138.00
Total monthly$3,599.37$3,948.11$3,746.75
Cash to close$89,400$42,900$42,900