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$350,090$350,090$377,999
Remaining term (yrs)28.128.130.0
Secondary amount$0$27,909$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.398%7.560%
1st payment$2,308.12$2,308.12$2,596.59
2nd payment$0.00$209.32$0.00
Taxes / mo$3.92$3.92$3.92
Insurance / mo$150.00$150.00$150.00
MI / mo$163.61$163.61$75.60
HOA / mo$96.00$96.00$96.00
Total monthly$2,721.64$2,930.96$2,922.11
Cash to close$69,909$42,000$42,000