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$369,450$369,450$395,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$26,460$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.703%7.640%
1st payment$2,530.27$2,530.27$2,741.20
2nd payment$0.00$198.45$0.00
Taxes / mo$210.58$210.58$210.58
Insurance / mo$150.00$150.00$150.00
MI / mo$173.26$173.26$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,064.11$3,262.56$3,180.97
Cash to close$70,450$43,990$43,990