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$376,862$376,862$471,600
Remaining term (yrs)29.029.030.0
Secondary amount$0$94,738$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.258%7.640%
1st payment$2,348.03$2,348.03$3,265.26
2nd payment$0.00$710.53$0.00
Taxes / mo$436.67$436.67$436.67
Insurance / mo$166.67$166.67$166.67
MI / mo$174.42$174.42$94.32
HOA / mo$150.00$150.00$150.00
Total monthly$3,275.78$3,986.32$4,112.92
Cash to close$147,138$52,400$52,400