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$342,691$342,691$404,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$61,409$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate6.880%7.202%7.640%
1st payment$2,225.34$2,225.34$2,797.91
2nd payment$0.00$460.57$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,913.77$3,374.33$3,402.89
Cash to close$106,309$44,900$44,900