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$355,737$355,737$364,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$29,013$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%5.768%7.640%
1st payment$1,933.35$1,933.35$2,523.72
2nd payment$0.00$287.10$0.00
Taxes / mo$462.08$462.08$462.08
Insurance / mo$150.00$150.00$150.00
MI / mo$272.83$272.83$72.90
HOA / mo$100.00$100.00$100.00
Total monthly$2,918.26$3,205.37$3,308.71
Cash to close$49,263$20,250$40,500