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$361,355$361,355$477,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$115,645$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.212%7.640%
1st payment$2,305.45$2,305.45$3,302.65
2nd payment$0.00$770.97$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$269.19$269.19$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,182.98$3,953.94$4,006.38
Cash to close$168,645$53,000$53,000