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$342,267$342,267$396,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$53,733$0
Funding fee$0$0$0
Note rate7.310%7.310%7.320%
Blended rate7.860%8.015%7.560%
1st payment$2,419.01$2,419.01$2,720.25
2nd payment$0.00$403.00$0.00
Taxes / mo$303.25$303.25$303.25
Insurance / mo$150.00$150.00$150.00
MI / mo$161.56$161.56$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,033.82$3,436.82$3,252.70
Cash to close$97,733$44,000$44,000