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$341,783$341,783$381,924
Remaining term (yrs)27.727.730.0
Secondary amount$0$40,141$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.756%7.640%
1st payment$2,340.78$2,340.78$2,644.36
2nd payment$0.00$301.06$0.00
Taxes / mo$101.33$101.33$101.33
Insurance / mo$150.00$150.00$150.00
MI / mo$160.29$160.29$76.38
HOA / mo$103.33$103.33$103.33
Total monthly$2,855.73$3,156.79$3,075.41
Cash to close$82,577$42,436$42,436