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$363,449$363,449$418,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$55,051$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.610%7.640%
1st payment$2,422.45$2,422.45$2,897.61
2nd payment$0.00$412.88$0.00
Taxes / mo$289.33$289.33$289.33
Insurance / mo$166.67$166.67$166.67
MI / mo$169.44$169.44$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,047.90$3,460.78$3,437.31
Cash to close$101,551$46,500$46,500