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$380,644$380,644$450,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$69,356$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.697%7.640%
1st payment$2,542.34$2,542.34$3,115.71
2nd payment$0.00$520.17$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$281.68$281.68$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,407.36$3,927.53$3,789.04
Cash to close$119,356$50,000$50,000