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$362,656$362,656$530,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$168,254$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.351%7.640%
1st payment$2,311.45$2,311.45$3,675.91
2nd payment$0.00$1,121.69$0.00
Taxes / mo$298.42$298.42$298.42
Insurance / mo$166.67$166.67$166.67
MI / mo$167.61$167.61$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,944.15$4,065.84$4,247.18
Cash to close$227,244$58,990$58,990