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$371,812$371,812$387,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$36,688$0
Funding fee$0$0$0
Note rate6.460%6.460%7.320%
Blended rate7.010%7.447%7.560%
1st payment$2,351.16$2,351.16$2,658.42
2nd payment$0.00$363.06$0.00
Taxes / mo$2.75$2.75$2.75
Insurance / mo$150.00$150.00$150.00
MI / mo$171.20$171.20$77.40
HOA / mo$27.00$27.00$27.00
Total monthly$2,702.11$3,065.17$2,915.57
Cash to close$58,188$21,500$43,000