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$374,635$374,635$450,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$75,365$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate7.180%7.485%7.560%
1st payment$2,438.73$2,438.73$3,091.19
2nd payment$0.00$565.24$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$90.00
HOA / mo$40.00$40.00$40.00
Total monthly$3,119.18$3,684.42$3,583.44
Cash to close$125,365$50,000$50,000