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$388,884$388,884$395,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$28,166$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%6.770%7.560%
1st payment$2,353.91$2,353.91$2,714.06
2nd payment$0.00$278.72$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$292.04$292.04$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,885.79$3,164.51$3,032.92
Cash to close$50,116$21,950$43,900