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$391,050$391,050$407,700
Remaining term (yrs)28.428.430.0
Secondary amount$0$39,300$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.609%7.640%
1st payment$2,547.60$2,547.60$2,822.83
2nd payment$0.00$388.91$0.00
Taxes / mo$377.50$377.50$377.50
Insurance / mo$166.67$166.67$166.67
MI / mo$182.26$182.26$81.54
HOA / mo$0.00$0.00$0.00
Total monthly$3,274.03$3,662.94$3,448.54
Cash to close$61,950$22,650$45,300