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$343,725$343,725$351,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$26,775$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.176%7.560%
1st payment$2,166.30$2,166.30$2,411.13
2nd payment$0.00$264.96$0.00
Taxes / mo$191.50$191.50$191.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.20$159.20$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,667.01$2,931.97$2,822.83
Cash to close$46,275$19,500$39,000