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$360,092$360,092$414,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$53,908$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.104%7.640%
1st payment$2,241.30$2,241.30$2,866.45
2nd payment$0.00$404.31$0.00
Taxes / mo$483.50$483.50$483.50
Insurance / mo$166.67$166.67$166.67
MI / mo$166.49$166.49$82.80
HOA / mo$30.33$30.33$30.33
Total monthly$3,088.29$3,492.60$3,629.75
Cash to close$99,908$46,000$46,000