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$369,136$369,136$373,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$25,114$0
Funding fee$0$0$0
Note rate5.000%5.000%7.320%
Blended rate5.850%6.234%7.560%
1st payment$2,126.45$2,126.45$2,565.69
2nd payment$0.00$248.53$0.00
Taxes / mo$499.83$499.83$499.83
Insurance / mo$150.00$150.00$150.00
MI / mo$280.58$280.58$74.70
HOA / mo$36.33$36.33$36.33
Total monthly$3,093.20$3,341.73$3,326.55
Cash to close$45,864$20,750$41,500