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$385,796$385,796$441,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$55,204$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.495%7.640%
1st payment$2,597.50$2,597.50$3,053.39
2nd payment$0.00$414.03$0.00
Taxes / mo$443.92$443.92$443.92
Insurance / mo$166.67$166.67$166.67
MI / mo$183.93$183.93$88.20
HOA / mo$60.00$60.00$60.00
Total monthly$3,452.02$3,866.05$3,812.18
Cash to close$104,204$49,000$49,000