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$371,415$371,415$391,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$41,835$0
Funding fee$0$0$0
Note rate7.060%7.060%7.320%
Blended rate7.610%8.042%7.560%
1st payment$2,543.72$2,543.72$2,689.33
2nd payment$0.00$413.99$0.00
Taxes / mo$170.90$170.90$170.90
Insurance / mo$150.00$150.00$150.00
MI / mo$174.18$174.18$78.30
HOA / mo$130.00$130.00$130.00
Total monthly$3,168.81$3,582.80$3,218.54
Cash to close$63,585$21,750$43,500