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$343,801$343,801$351,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,699$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.488%7.560%
1st payment$2,015.92$2,015.92$2,411.13
2nd payment$0.00$264.21$0.00
Taxes / mo$231.00$231.00$231.00
Insurance / mo$150.00$150.00$150.00
MI / mo$259.46$259.46$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,656.38$2,920.60$2,862.33
Cash to close$46,199$19,500$39,000