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$379,715$379,715$409,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$29,785$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.589%7.640%
1st payment$2,298.41$2,298.41$2,835.30
2nd payment$0.00$223.39$0.00
Taxes / mo$207.50$207.50$207.50
Insurance / mo$166.67$166.67$166.67
MI / mo$285.16$285.16$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,957.73$3,181.12$3,291.36
Cash to close$75,285$45,500$45,500