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$378,396$378,396$435,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$57,204$0
Funding fee$0$0$0
Note rate5.510%5.510%7.320%
Blended rate6.060%6.446%7.560%
1st payment$2,291.20$2,291.20$2,992.27
2nd payment$0.00$429.03$0.00
Taxes / mo$78.33$78.33$78.33
Insurance / mo$166.67$166.67$166.67
MI / mo$182.26$182.26$87.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,718.46$3,147.49$3,324.39
Cash to close$105,604$48,400$48,400