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$346,579$346,579$413,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$66,521$0
Funding fee$0$0$0
Note rate7.020%7.020%7.320%
Blended rate7.570%7.800%7.560%
1st payment$2,366.80$2,366.80$2,837.71
2nd payment$0.00$498.91$0.00
Taxes / mo$234.75$234.75$234.75
Insurance / mo$166.67$166.67$166.67
MI / mo$162.72$162.72$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,930.94$3,429.85$3,321.75
Cash to close$112,421$45,900$45,900