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$348,773$348,773$364,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$35,977$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.912%7.640%
1st payment$2,111.12$2,111.12$2,523.72
2nd payment$0.00$356.02$0.00
Taxes / mo$480.00$480.00$480.00
Insurance / mo$150.00$150.00$150.00
MI / mo$261.92$261.92$72.90
HOA / mo$45.17$45.17$45.17
Total monthly$3,048.21$3,404.23$3,271.79
Cash to close$56,227$20,250$40,500