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$366,001$366,001$386,991
Remaining term (yrs)25.625.630.0
Secondary amount$0$42,490$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.477%7.640%
1st payment$2,108.39$2,108.39$2,679.45
2nd payment$0.00$420.47$0.00
Taxes / mo$406.00$406.00$406.00
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$77.40
HOA / mo$75.00$75.00$75.00
Total monthly$3,017.60$3,438.07$3,387.85
Cash to close$63,989$21,500$42,999