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$344,852$344,852$432,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$87,148$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.725%7.640%
1st payment$2,044.67$2,044.67$2,991.08
2nd payment$0.00$653.61$0.00
Taxes / mo$132.83$132.83$132.83
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,604.98$3,258.58$3,376.98
Cash to close$135,148$48,000$48,000