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$370,396$370,396$405,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$34,604$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%6.860%7.560%
1st payment$2,307.00$2,307.00$2,782.07
2nd payment$0.00$259.53$0.00
Taxes / mo$72.83$72.83$72.83
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,808.04$3,067.57$3,085.90
Cash to close$79,604$45,000$45,000