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$366,482$366,482$397,800
Remaining term (yrs)28.628.630.0
Secondary amount$0$31,318$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.517%7.560%
1st payment$2,431.07$2,431.07$2,732.61
2nd payment$0.00$234.89$0.00
Taxes / mo$368.33$368.33$368.33
Insurance / mo$150.00$150.00$150.00
MI / mo$170.22$170.22$79.56
HOA / mo$0.00$0.00$0.00
Total monthly$3,119.62$3,354.51$3,330.50
Cash to close$75,518$44,200$44,200