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$366,970$366,970$405,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$38,030$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.030%7.640%
1st payment$2,567.63$2,567.63$2,804.14
2nd payment$0.00$285.22$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$271.18$271.18$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,363.80$3,649.02$3,410.14
Cash to close$83,030$45,000$45,000