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$377,056$377,056$539,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$162,044$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.364%7.640%
1st payment$2,492.82$2,492.82$3,732.62
2nd payment$0.00$1,080.29$0.00
Taxes / mo$129.42$129.42$129.42
Insurance / mo$166.67$166.67$166.67
MI / mo$180.01$180.01$107.82
HOA / mo$37.50$37.50$37.50
Total monthly$3,006.42$4,086.71$4,174.03
Cash to close$221,944$59,900$59,900