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$382,297$382,297$387,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,203$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.481%7.560%
1st payment$2,521.46$2,521.46$2,658.42
2nd payment$0.00$259.30$0.00
Taxes / mo$232.75$232.75$232.75
Insurance / mo$150.00$150.00$150.00
MI / mo$180.39$180.39$77.40
HOA / mo$21.00$21.00$21.00
Total monthly$3,105.60$3,364.90$3,139.57
Cash to close$47,703$21,500$43,000