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$385,377$385,377$404,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$42,028$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.362%7.640%
1st payment$2,497.07$2,497.07$2,803.52
2nd payment$0.00$415.90$0.00
Taxes / mo$109.33$109.33$109.33
Insurance / mo$150.00$150.00$150.00
MI / mo$184.51$184.51$80.98
HOA / mo$1.67$1.67$1.67
Total monthly$2,942.58$3,358.48$3,145.50
Cash to close$64,523$22,495$44,990