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$368,905$368,905$409,410
Remaining term (yrs)26.026.030.0
Secondary amount$0$40,505$0
Funding fee$0$0$0
Note rate6.290%6.290%7.320%
Blended rate7.140%7.324%7.560%
1st payment$2,398.13$2,398.13$2,812.36
2nd payment$0.00$303.79$0.00
Taxes / mo$379.08$379.08$379.08
Insurance / mo$166.67$166.67$166.67
MI / mo$274.72$274.72$81.88
HOA / mo$0.00$0.00$0.00
Total monthly$3,218.60$3,522.39$3,439.99
Cash to close$85,995$45,490$45,490