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$347,075$347,075$436,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$89,425$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.752%7.640%
1st payment$2,340.68$2,340.68$3,022.24
2nd payment$0.00$670.69$0.00
Taxes / mo$168.92$168.92$168.92
Insurance / mo$166.67$166.67$166.67
MI / mo$163.22$163.22$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,839.48$3,510.17$3,445.12
Cash to close$137,925$48,500$48,500