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$369,111$369,111$441,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$71,889$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.611%7.560%
1st payment$2,493.91$2,493.91$3,029.36
2nd payment$0.00$539.17$0.00
Taxes / mo$351.33$351.33$351.33
Insurance / mo$166.67$166.67$166.67
MI / mo$175.51$175.51$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,187.42$3,726.59$3,635.56
Cash to close$120,889$49,000$49,000