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$393,005$393,005$404,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,400$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%6.831%7.560%
1st payment$2,379.88$2,379.88$2,781.45
2nd payment$0.00$340.42$0.00
Taxes / mo$263.00$263.00$263.00
Insurance / mo$150.00$150.00$150.00
MI / mo$295.59$295.59$80.98
HOA / mo$99.00$99.00$99.00
Total monthly$3,187.47$3,527.88$3,374.43
Cash to close$56,895$22,495$44,990