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$360,137$360,137$391,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,363$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.608%7.640%
1st payment$2,179.90$2,179.90$2,710.67
2nd payment$0.00$235.22$0.00
Taxes / mo$482.12$482.12$482.12
Insurance / mo$150.00$150.00$150.00
MI / mo$270.45$270.45$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,082.48$3,317.70$3,421.09
Cash to close$74,863$43,500$43,500