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$374,896$374,896$450,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$75,104$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.617%7.640%
1st payment$2,506.31$2,506.31$3,115.71
2nd payment$0.00$563.28$0.00
Taxes / mo$583.50$583.50$583.50
Insurance / mo$166.67$166.67$166.67
MI / mo$176.39$176.39$90.00
HOA / mo$45.08$45.08$45.08
Total monthly$3,477.94$4,041.22$4,000.96
Cash to close$125,104$50,000$50,000