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$390,047$390,047$459,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$68,953$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%7.080%7.560%
1st payment$2,438.61$2,438.61$3,153.01
2nd payment$0.00$517.15$0.00
Taxes / mo$234.42$234.42$234.42
Insurance / mo$166.67$166.67$166.67
MI / mo$291.54$291.54$91.80
HOA / mo$8.33$8.33$8.33
Total monthly$3,139.56$3,656.71$3,654.22
Cash to close$119,953$51,000$51,000