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$342,277$342,277$400,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$58,223$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.325%7.640%
1st payment$2,210.06$2,210.06$2,772.98
2nd payment$0.00$436.67$0.00
Taxes / mo$373.17$373.17$373.17
Insurance / mo$150.00$150.00$150.00
MI / mo$160.43$160.43$80.10
HOA / mo$135.00$135.00$135.00
Total monthly$3,028.66$3,465.32$3,511.25
Cash to close$102,723$44,500$44,500