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$355,787$355,787$387,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,213$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.481%7.640%
1st payment$2,123.52$2,123.52$2,679.51
2nd payment$0.00$234.10$0.00
Taxes / mo$538.83$538.83$538.83
Insurance / mo$150.00$150.00$150.00
MI / mo$267.57$267.57$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,079.92$3,314.02$3,445.74
Cash to close$74,213$43,000$43,000