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$357,202$357,202$364,050
Remaining term (yrs)27.927.930.0
Secondary amount$0$27,073$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.381%7.640%
1st payment$2,306.43$2,306.43$2,520.61
2nd payment$0.00$267.91$0.00
Taxes / mo$337.08$337.08$337.08
Insurance / mo$150.00$150.00$150.00
MI / mo$167.42$167.42$72.81
HOA / mo$0.00$0.00$0.00
Total monthly$2,960.93$3,228.84$3,080.50
Cash to close$47,298$20,225$40,450