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$349,018$349,018$462,600
Remaining term (yrs)26.426.430.0
Secondary amount$0$113,582$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%6.974%7.560%
1st payment$2,211.11$2,211.11$3,177.74
2nd payment$0.00$757.21$0.00
Taxes / mo$410.67$410.67$410.67
Insurance / mo$166.67$166.67$166.67
MI / mo$167.41$167.41$92.52
HOA / mo$13.33$13.33$13.33
Total monthly$2,969.18$3,726.40$3,860.92
Cash to close$164,982$51,400$51,400