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$362,749$362,749$413,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$50,351$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.077%7.560%
1st payment$2,257.75$2,257.75$2,837.71
2nd payment$0.00$377.64$0.00
Taxes / mo$141.08$141.08$141.08
Insurance / mo$166.67$166.67$166.67
MI / mo$167.89$167.89$82.62
HOA / mo$23.00$23.00$23.00
Total monthly$2,756.39$3,134.03$3,251.08
Cash to close$96,251$45,900$45,900