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$378,006$378,006$436,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$58,494$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate7.210%7.190%7.560%
1st payment$2,464.80$2,464.80$2,998.45
2nd payment$0.00$438.70$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$181.36$181.36$87.30
HOA / mo$280.00$280.00$280.00
Total monthly$3,497.00$3,935.71$3,936.59
Cash to close$106,994$48,500$48,500