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$5,056$5,056$373,500
Remaining term (yrs)21.221.230.0
Secondary amount$0$368,444$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate7.180%7.742%7.560%
1st payment$36.04$36.04$2,565.69
2nd payment$0.00$2,379.54$0.00
Taxes / mo$190.33$190.33$190.33
Insurance / mo$150.00$150.00$150.00
MI / mo$3.84$3.84$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$380.22$2,759.75$2,980.72
Cash to close$409,944$41,500$41,500