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$369,402$369,402$382,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$34,348$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%7.945%7.560%
1st payment$2,522.64$2,522.64$2,627.51
2nd payment$0.00$339.90$0.00
Taxes / mo$316.00$316.00$316.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.26$173.26$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,161.90$3,501.80$3,170.01
Cash to close$55,598$21,250$42,500