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$396,232$396,232$400,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,518$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.509%7.560%
1st payment$2,342.26$2,342.26$2,751.16
2nd payment$0.00$262.41$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$298.77$298.77$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,161.87$3,424.28$3,352.09
Cash to close$48,768$22,250$44,500