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$383,094$383,094$405,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$44,406$0
Funding fee$0$0$0
Note rate5.780%5.780%7.400%
Blended rate6.630%7.175%7.640%
1st payment$2,385.73$2,385.73$2,804.14
2nd payment$0.00$439.43$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$150.00$150.00$150.00
MI / mo$288.63$288.63$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,324.37$3,763.80$3,535.14
Cash to close$66,906$22,500$45,000