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$383,281$383,281$409,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$26,219$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.587%7.640%
1st payment$2,597.31$2,597.31$2,835.30
2nd payment$0.00$196.65$0.00
Taxes / mo$94.25$94.25$94.25
Insurance / mo$166.67$166.67$166.67
MI / mo$180.02$180.02$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,038.24$3,234.89$3,178.11
Cash to close$71,719$45,500$45,500