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$370,295$370,295$392,850
Remaining term (yrs)28.028.030.0
Secondary amount$0$44,380$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.191%7.640%
1st payment$2,291.32$2,291.32$2,720.01
2nd payment$0.00$439.18$0.00
Taxes / mo$230.77$230.77$230.77
Insurance / mo$150.00$150.00$150.00
MI / mo$173.67$173.67$78.57
HOA / mo$27.00$27.00$27.00
Total monthly$2,872.77$3,311.95$3,206.36
Cash to close$66,205$21,825$43,650