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$350,408$350,408$364,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$34,342$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.271%7.640%
1st payment$2,181.03$2,181.03$2,523.72
2nd payment$0.00$339.84$0.00
Taxes / mo$493.42$493.42$493.42
Insurance / mo$150.00$150.00$150.00
MI / mo$162.01$162.01$72.90
HOA / mo$128.33$128.33$128.33
Total monthly$3,114.79$3,454.63$3,368.37
Cash to close$54,592$20,250$40,500