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$347,432$347,432$359,820
Remaining term (yrs)27.427.430.0
Secondary amount$0$32,378$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.708%7.560%
1st payment$2,320.57$2,320.57$2,471.71
2nd payment$0.00$320.41$0.00
Taxes / mo$217.42$217.42$217.42
Insurance / mo$150.00$150.00$150.00
MI / mo$163.65$163.65$71.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,851.63$3,172.04$2,911.09
Cash to close$52,368$19,990$39,980