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$342,185$342,185$368,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,725$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.154%7.640%
1st payment$2,202.84$2,202.84$2,554.26
2nd payment$0.00$200.44$0.00
Taxes / mo$130.33$130.33$130.33
Insurance / mo$150.00$150.00$150.00
MI / mo$160.40$160.40$73.78
HOA / mo$25.00$25.00$25.00
Total monthly$2,668.58$2,869.02$2,933.37
Cash to close$67,715$40,990$40,990