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$389,746$389,746$449,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$60,164$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.660%7.839%7.560%
1st payment$2,656.05$2,656.05$3,090.57
2nd payment$0.00$451.23$0.00
Taxes / mo$210.33$210.33$210.33
Insurance / mo$166.67$166.67$166.67
MI / mo$288.29$288.29$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,321.34$3,772.57$3,557.55
Cash to close$110,154$49,990$49,990