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$347,376$347,376$360,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$32,624$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.784%7.640%
1st payment$2,340.68$2,340.68$2,492.57
2nd payment$0.00$322.84$0.00
Taxes / mo$290.92$290.92$290.92
Insurance / mo$150.00$150.00$150.00
MI / mo$162.01$162.01$72.00
HOA / mo$99.00$99.00$99.00
Total monthly$3,042.60$3,365.45$3,104.48
Cash to close$52,624$20,000$40,000