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$376,559$376,559$409,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$32,941$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.207%7.640%
1st payment$2,411.73$2,411.73$2,835.30
2nd payment$0.00$247.06$0.00
Taxes / mo$230.33$230.33$230.33
Insurance / mo$166.67$166.67$166.67
MI / mo$174.88$174.88$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,983.61$3,230.67$3,314.20
Cash to close$78,441$45,500$45,500