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$365,658$365,658$373,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,592$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.660%7.640%
1st payment$2,444.68$2,444.68$2,586.04
2nd payment$0.00$282.94$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$150.00$150.00$150.00
MI / mo$172.22$172.22$74.70
HOA / mo$12.50$12.50$12.50
Total monthly$2,912.32$3,195.27$2,956.16
Cash to close$49,342$20,750$41,500