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$384,020$384,020$396,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$33,980$0
Funding fee$0$0$0
Note rate6.170%6.170%7.400%
Blended rate6.720%7.139%7.640%
1st payment$2,367.89$2,367.89$2,741.82
2nd payment$0.00$336.26$0.00
Taxes / mo$366.67$366.67$366.67
Insurance / mo$150.00$150.00$150.00
MI / mo$177.76$177.76$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,062.31$3,398.57$3,337.69
Cash to close$55,980$22,000$44,000