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$367,510$367,510$378,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$31,490$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.753%7.640%
1st payment$2,444.88$2,444.88$2,617.20
2nd payment$0.00$311.62$0.00
Taxes / mo$116.25$116.25$116.25
Insurance / mo$150.00$150.00$150.00
MI / mo$171.01$171.01$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,882.15$3,193.76$2,959.05
Cash to close$52,490$21,000$42,000