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$373,112$373,112$396,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$44,888$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.693%7.560%
1st payment$2,463.28$2,463.28$2,720.25
2nd payment$0.00$444.20$0.00
Taxes / mo$214.67$214.67$214.67
Insurance / mo$150.00$150.00$150.00
MI / mo$176.05$176.05$79.20
HOA / mo$45.00$45.00$45.00
Total monthly$3,049.00$3,493.20$3,209.11
Cash to close$66,888$22,000$44,000