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$379,205$379,205$383,400
Remaining term (yrs)26.926.930.0
Secondary amount$0$25,495$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.551%7.640%
1st payment$2,536.97$2,536.97$2,654.58
2nd payment$0.00$252.29$0.00
Taxes / mo$715.75$715.75$715.75
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$76.68
HOA / mo$22.00$22.00$22.00
Total monthly$3,604.73$3,857.02$3,619.01
Cash to close$46,795$21,300$42,600