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$339,602$339,602$386,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$46,498$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.522%7.560%
1st payment$2,256.76$2,256.76$2,652.24
2nd payment$0.00$348.74$0.00
Taxes / mo$357.50$357.50$357.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.15$159.15$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,923.41$3,272.14$3,236.96
Cash to close$89,398$42,900$42,900