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$346,664$346,664$495,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$148,336$0
Funding fee$0$0$0
Note rate6.770%6.770%7.240%
Blended rate7.320%7.524%7.480%
1st payment$2,281.49$2,281.49$3,373.42
2nd payment$0.00$988.91$0.00
Taxes / mo$201.92$201.92$201.92
Insurance / mo$166.67$166.67$166.67
MI / mo$160.89$160.89$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,810.96$3,799.87$3,841.00
Cash to close$203,336$55,000$55,000