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$363,516$363,516$423,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$59,484$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.702%7.640%
1st payment$2,460.95$2,460.95$2,928.77
2nd payment$0.00$446.13$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$170.57$170.57$84.60
HOA / mo$40.33$40.33$40.33
Total monthly$3,230.18$3,676.30$3,612.03
Cash to close$106,484$47,000$47,000