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$373,211$373,211$431,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$58,699$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.632%7.640%
1st payment$2,230.77$2,230.77$2,990.46
2nd payment$0.00$440.24$0.00
Taxes / mo$399.92$399.92$399.92
Insurance / mo$166.67$166.67$166.67
MI / mo$281.08$281.08$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,078.44$3,518.68$3,643.42
Cash to close$106,689$47,990$47,990