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$361,916$361,916$629,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$267,184$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.244%7.640%
1st payment$2,297.32$2,297.32$4,355.76
2nd payment$0.00$1,725.56$0.00
Taxes / mo$506.92$506.92$506.92
Insurance / mo$166.67$166.67$166.67
MI / mo$169.75$169.75$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,140.66$4,866.22$5,155.17
Cash to close$337,084$69,900$69,900