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$356,052$356,052$386,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$30,858$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.298%7.560%
1st payment$2,319.60$2,319.60$2,657.80
2nd payment$0.00$231.44$0.00
Taxes / mo$269.67$269.67$269.67
Insurance / mo$150.00$150.00$150.00
MI / mo$166.47$166.47$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,905.74$3,137.17$3,154.85
Cash to close$73,848$42,990$42,990