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$384,630$384,630$395,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$33,275$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.756%7.640%
1st payment$2,573.56$2,573.56$2,741.20
2nd payment$0.00$329.28$0.00
Taxes / mo$366.58$366.58$366.58
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,270.16$3,599.44$3,336.97
Cash to close$55,270$21,995$43,990