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$362,088$362,088$395,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$33,012$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.625%7.640%
1st payment$2,463.44$2,463.44$2,735.59
2nd payment$0.00$247.59$0.00
Taxes / mo$365.83$365.83$365.83
Insurance / mo$150.00$150.00$150.00
MI / mo$170.57$170.57$79.02
HOA / mo$306.00$306.00$306.00
Total monthly$3,455.84$3,703.43$3,636.45
Cash to close$76,912$43,900$43,900