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$391,297$391,297$404,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$36,202$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.312%7.640%
1st payment$2,525.33$2,525.33$2,804.13
2nd payment$0.00$358.25$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$186.21$186.21$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,236.54$3,594.80$3,410.13
Cash to close$58,702$22,500$45,000