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$392,133$392,133$431,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$38,967$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.517%7.640%
1st payment$2,629.20$2,629.20$2,984.85
2nd payment$0.00$292.25$0.00
Taxes / mo$138.04$138.04$138.04
Insurance / mo$166.67$166.67$166.67
MI / mo$184.47$184.47$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,118.37$3,410.62$3,375.77
Cash to close$86,867$47,900$47,900