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$372,388$372,388$440,899
Remaining term (yrs)27.427.430.0
Secondary amount$0$68,511$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.801%7.640%
1st payment$2,553.03$2,553.03$3,052.70
2nd payment$0.00$513.83$0.00
Taxes / mo$408.24$408.24$408.24
Insurance / mo$166.67$166.67$166.67
MI / mo$175.35$175.35$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,303.28$3,817.12$3,715.78
Cash to close$117,500$48,989$48,989