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$341,811$341,811$414,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$72,189$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.885%7.640%
1st payment$2,352.25$2,352.25$2,866.45
2nd payment$0.00$541.42$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$160.43$160.43$82.80
HOA / mo$87.00$87.00$87.00
Total monthly$3,149.67$3,691.09$3,586.25
Cash to close$118,189$46,000$46,000