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$365,244$365,244$404,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$38,856$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.210%7.640%
1st payment$2,356.13$2,356.13$2,797.91
2nd payment$0.00$291.42$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$171.39$171.39$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,051.68$3,343.10$3,402.89
Cash to close$83,756$44,900$44,900