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$381,318$381,318$440,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$59,592$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.634%7.640%
1st payment$2,546.57$2,546.57$3,052.77
2nd payment$0.00$446.94$0.00
Taxes / mo$203.37$203.37$203.37
Insurance / mo$166.67$166.67$166.67
MI / mo$177.76$177.76$88.18
HOA / mo$4.17$4.17$4.17
Total monthly$3,098.54$3,545.48$3,515.16
Cash to close$108,582$48,990$48,990