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$365,879$365,879$373,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$28,371$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.768%7.640%
1st payment$2,474.77$2,474.77$2,586.04
2nd payment$0.00$280.75$0.00
Taxes / mo$132.92$132.92$132.92
Insurance / mo$150.00$150.00$150.00
MI / mo$172.22$172.22$74.70
HOA / mo$12.50$12.50$12.50
Total monthly$2,942.41$3,223.16$2,956.16
Cash to close$49,121$20,750$41,500