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$362,707$362,707$382,410
Remaining term (yrs)29.129.130.0
Secondary amount$0$40,948$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate6.790%7.306%7.640%
1st payment$2,250.55$2,250.55$2,647.73
2nd payment$0.00$405.21$0.00
Taxes / mo$368.83$368.83$368.83
Insurance / mo$150.00$150.00$150.00
MI / mo$167.71$167.71$76.48
HOA / mo$333.00$333.00$333.00
Total monthly$3,270.09$3,675.30$3,576.04
Cash to close$62,193$21,245$42,490