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$358,650$358,650$369,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$30,850$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.727%7.640%
1st payment$2,404.70$2,404.70$2,554.88
2nd payment$0.00$305.29$0.00
Taxes / mo$211.38$211.38$211.38
Insurance / mo$150.00$150.00$150.00
MI / mo$168.72$168.72$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,934.80$3,240.09$2,990.06
Cash to close$51,350$20,500$41,000