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$360,307$360,307$385,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$25,692$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%6.713%7.640%
1st payment$2,216.86$2,216.86$2,672.58
2nd payment$0.00$192.69$0.00
Taxes / mo$357.41$357.41$357.41
Insurance / mo$150.00$150.00$150.00
MI / mo$270.55$270.55$77.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,994.82$3,187.51$3,257.19
Cash to close$68,581$42,889$42,889