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$347,242$347,242$445,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$98,168$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.480%7.640%
1st payment$2,289.54$2,289.54$3,083.93
2nd payment$0.00$736.26$0.00
Taxes / mo$198.75$198.75$198.75
Insurance / mo$166.67$166.67$166.67
MI / mo$166.02$166.02$89.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,820.98$3,557.24$3,538.43
Cash to close$147,658$49,490$49,490