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$359,445$359,445$445,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$86,055$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.564%7.640%
1st payment$2,382.55$2,382.55$3,084.55
2nd payment$0.00$645.41$0.00
Taxes / mo$631.42$631.42$631.42
Insurance / mo$166.67$166.67$166.67
MI / mo$169.75$169.75$89.10
HOA / mo$19.58$19.58$19.58
Total monthly$3,369.97$4,015.38$3,991.32
Cash to close$135,555$49,500$49,500