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$384,965$384,965$395,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$32,940$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.403%7.560%
1st payment$2,513.43$2,513.43$2,719.63
2nd payment$0.00$325.97$0.00
Taxes / mo$299.67$299.67$299.67
Insurance / mo$150.00$150.00$150.00
MI / mo$180.77$180.77$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,143.87$3,469.83$3,248.48
Cash to close$54,935$21,995$43,990