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$343,195$343,195$378,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,805$0
Funding fee$0$0$0
Note rate5.660%5.660%7.320%
Blended rate6.510%6.739%7.560%
1st payment$2,100.27$2,100.27$2,596.60
2nd payment$0.00$261.04$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$150.00$150.00$150.00
MI / mo$257.44$257.44$75.60
HOA / mo$25.00$25.00$25.00
Total monthly$2,687.30$2,948.34$3,001.78
Cash to close$76,805$42,000$42,000