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$342,506$342,506$396,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$53,494$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.582%7.640%
1st payment$2,263.14$2,263.14$2,741.82
2nd payment$0.00$401.21$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$158.95$158.95$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,938.75$3,339.96$3,337.69
Cash to close$97,494$44,000$44,000