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$381,737$381,737$405,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$45,763$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.852%7.560%
1st payment$2,564.75$2,564.75$2,782.07
2nd payment$0.00$452.87$0.00
Taxes / mo$503.50$503.50$503.50
Insurance / mo$150.00$150.00$150.00
MI / mo$179.95$179.95$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,398.20$3,851.06$3,516.57
Cash to close$68,263$22,500$45,000