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$372,749$372,749$400,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$27,751$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.483%7.560%
1st payment$2,499.23$2,499.23$2,751.16
2nd payment$0.00$208.13$0.00
Taxes / mo$596.00$596.00$596.00
Insurance / mo$150.00$150.00$150.00
MI / mo$175.35$175.35$80.10
HOA / mo$100.00$100.00$100.00
Total monthly$3,520.58$3,728.71$3,677.26
Cash to close$72,251$44,500$44,500