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$377,203$377,203$450,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$72,797$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.510%7.751%7.560%
1st payment$2,531.40$2,531.40$3,091.19
2nd payment$0.00$545.98$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$279.02$279.02$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,393.75$3,939.73$3,764.52
Cash to close$122,797$50,000$50,000