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$379,614$379,614$405,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$25,386$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate7.740%7.819%7.640%
1st payment$2,630.02$2,630.02$2,804.14
2nd payment$0.00$190.40$0.00
Taxes / mo$100.58$100.58$100.58
Insurance / mo$150.00$150.00$150.00
MI / mo$177.76$177.76$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,058.37$3,248.76$3,135.72
Cash to close$70,386$45,000$45,000