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$360,494$360,494$382,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,256$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%8.076%7.640%
1st payment$2,493.44$2,493.44$2,648.35
2nd payment$0.00$428.06$0.00
Taxes / mo$193.67$193.67$193.67
Insurance / mo$150.00$150.00$150.00
MI / mo$170.57$170.57$76.50
HOA / mo$210.00$210.00$210.00
Total monthly$3,217.68$3,645.74$3,278.52
Cash to close$64,506$21,250$42,500