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$387,551$387,551$445,500
Remaining term (yrs)29.829.830.0
Secondary amount$0$57,949$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.080%7.330%7.640%
1st payment$2,459.45$2,459.45$3,084.55
2nd payment$0.00$434.61$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$177.79$177.79$89.10
HOA / mo$96.00$96.00$96.00
Total monthly$3,312.40$3,747.02$3,848.82
Cash to close$107,449$49,500$49,500