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$370,989$370,989$418,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$47,511$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.271%7.640%
1st payment$2,360.09$2,360.09$2,897.61
2nd payment$0.00$356.33$0.00
Taxes / mo$305.42$305.42$305.42
Insurance / mo$166.67$166.67$166.67
MI / mo$171.14$171.14$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,003.31$3,359.64$3,453.39
Cash to close$94,011$46,500$46,500