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$372,330$372,330$378,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$26,670$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.373%7.640%
1st payment$2,389.38$2,389.38$2,617.20
2nd payment$0.00$263.92$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.26$173.26$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,062.64$3,326.56$3,192.80
Cash to close$47,670$21,000$42,000