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$377,459$377,459$384,300
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,191$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.516%7.560%
1st payment$2,491.98$2,491.98$2,639.87
2nd payment$0.00$278.97$0.00
Taxes / mo$355.83$355.83$355.83
Insurance / mo$150.00$150.00$150.00
MI / mo$178.10$178.10$76.86
HOA / mo$0.00$0.00$0.00
Total monthly$3,175.91$3,454.89$3,222.57
Cash to close$49,541$21,350$42,700