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$342,958$342,958$364,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$41,792$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.922%7.560%
1st payment$2,308.25$2,308.25$2,503.86
2nd payment$0.00$413.57$0.00
Taxes / mo$545.58$545.58$545.58
Insurance / mo$150.00$150.00$150.00
MI / mo$160.80$160.80$72.90
HOA / mo$112.00$112.00$112.00
Total monthly$3,276.63$3,690.20$3,384.35
Cash to close$62,042$20,250$40,500