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$374,497$374,497$422,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$47,603$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.471%7.640%
1st payment$2,217.09$2,217.09$2,922.54
2nd payment$0.00$357.02$0.00
Taxes / mo$429.70$429.70$429.70
Insurance / mo$166.67$166.67$166.67
MI / mo$282.81$282.81$84.42
HOA / mo$82.67$82.67$82.67
Total monthly$3,178.94$3,535.96$3,686.00
Cash to close$94,503$46,900$46,900