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$377,069$377,069$476,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$99,841$0
Funding fee$0$0$0
Note rate6.880%6.880%7.320%
Blended rate7.430%7.759%7.560%
1st payment$2,545.53$2,545.53$3,276.04
2nd payment$0.00$748.81$0.00
Taxes / mo$777.33$777.33$777.33
Insurance / mo$166.67$166.67$166.67
MI / mo$177.51$177.51$95.38
HOA / mo$12.00$12.00$12.00
Total monthly$3,679.04$4,427.85$4,327.42
Cash to close$152,831$52,990$52,990