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$362,797$362,797$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$40,953$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.539%7.640%
1st payment$2,466.28$2,466.28$2,648.35
2nd payment$0.00$405.27$0.00
Taxes / mo$129.58$129.58$129.58
Insurance / mo$150.00$150.00$150.00
MI / mo$167.41$167.41$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,913.27$3,318.54$3,004.44
Cash to close$62,203$21,250$42,500