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$358,783$358,783$412,236
Remaining term (yrs)27.427.430.0
Secondary amount$0$53,453$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.425%7.640%
1st payment$2,366.17$2,366.17$2,854.24
2nd payment$0.00$400.89$0.00
Taxes / mo$101.33$101.33$101.33
Insurance / mo$166.67$166.67$166.67
MI / mo$169.11$169.11$82.45
HOA / mo$103.33$103.33$103.33
Total monthly$2,906.61$3,307.50$3,308.02
Cash to close$99,257$45,804$45,804