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$369,387$369,387$459,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$89,613$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.616%7.560%
1st payment$2,487.02$2,487.02$3,153.01
2nd payment$0.00$672.10$0.00
Taxes / mo$576.67$576.67$576.67
Insurance / mo$166.67$166.67$166.67
MI / mo$176.11$176.11$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,406.46$4,078.56$3,988.14
Cash to close$140,613$51,000$51,000