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$380,116$380,116$422,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$42,794$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.247%7.560%
1st payment$2,427.39$2,427.39$2,905.10
2nd payment$0.00$320.96$0.00
Taxes / mo$192.69$192.69$192.69
Insurance / mo$166.67$166.67$166.67
MI / mo$176.02$176.02$84.58
HOA / mo$54.17$54.17$54.17
Total monthly$3,016.94$3,337.89$3,403.21
Cash to close$89,784$46,990$46,990