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$349,654$349,654$359,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,251$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.848%7.560%
1st payment$2,378.84$2,378.84$2,472.33
2nd payment$0.00$299.36$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$164.71$164.71$71.98
HOA / mo$205.00$205.00$205.00
Total monthly$3,231.80$3,531.17$3,232.56
Cash to close$50,246$19,995$39,990