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$385,252$385,252$395,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$32,653$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.713%7.640%
1st payment$2,607.94$2,607.94$2,741.20
2nd payment$0.00$323.13$0.00
Taxes / mo$312.33$312.33$312.33
Insurance / mo$150.00$150.00$150.00
MI / mo$183.16$183.16$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,253.43$3,576.56$3,282.72
Cash to close$54,648$21,995$43,990