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$372,710$372,710$504,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$131,290$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.623%7.640%
1st payment$2,523.18$2,523.18$3,489.59
2nd payment$0.00$875.27$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$174.88$174.88$100.80
HOA / mo$120.00$120.00$120.00
Total monthly$3,451.40$4,326.67$4,343.73
Cash to close$187,290$56,000$56,000