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$352,224$352,224$373,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$42,026$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.672%7.640%
1st payment$2,285.64$2,285.64$2,586.04
2nd payment$0.00$415.88$0.00
Taxes / mo$235.25$235.25$235.25
Insurance / mo$150.00$150.00$150.00
MI / mo$163.69$163.69$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,834.58$3,250.46$3,045.99
Cash to close$62,776$20,750$41,500