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$375,844$375,844$440,820
Remaining term (yrs)26.826.830.0
Secondary amount$0$64,976$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.516%7.560%
1st payment$2,517.25$2,517.25$3,028.13
2nd payment$0.00$487.32$0.00
Taxes / mo$408.17$408.17$408.17
Insurance / mo$166.67$166.67$166.67
MI / mo$178.61$178.61$88.16
HOA / mo$129.00$129.00$129.00
Total monthly$3,399.69$3,887.01$3,820.12
Cash to close$113,956$48,980$48,980