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$342,945$342,945$355,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$32,305$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.255%7.560%
1st payment$2,134.58$2,134.58$2,442.04
2nd payment$0.00$319.69$0.00
Taxes / mo$546.33$546.33$546.33
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$71.10
HOA / mo$87.00$87.00$87.00
Total monthly$3,076.47$3,396.16$3,296.47
Cash to close$52,055$19,750$39,500