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$392,616$392,616$400,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$30,134$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.134%7.560%
1st payment$2,426.21$2,426.21$2,751.16
2nd payment$0.00$298.20$0.00
Taxes / mo$488.58$488.58$488.58
Insurance / mo$150.00$150.00$150.00
MI / mo$181.18$181.18$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,245.97$3,544.17$3,469.84
Cash to close$52,384$22,250$44,500