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$365,236$365,236$375,750
Remaining term (yrs)28.428.430.0
Secondary amount$0$31,389$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.550%6.051%7.640%
1st payment$2,002.97$2,002.97$2,601.62
2nd payment$0.00$310.62$0.00
Taxes / mo$634.92$634.92$634.92
Insurance / mo$150.00$150.00$150.00
MI / mo$171.01$171.01$75.15
HOA / mo$91.67$91.67$91.67
Total monthly$3,050.57$3,361.19$3,553.35
Cash to close$52,264$20,875$41,750