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$375,963$375,963$418,950
Remaining term (yrs)26.626.630.0
Secondary amount$0$42,987$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.107%7.560%
1st payment$2,434.97$2,434.97$2,877.90
2nd payment$0.00$322.40$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$166.67$166.67$166.67
MI / mo$179.55$179.55$83.79
HOA / mo$0.00$0.00$0.00
Total monthly$2,997.85$3,320.25$3,345.02
Cash to close$89,537$46,550$46,550