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$374,815$374,815$427,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$52,685$0
Funding fee$0$0$0
Note rate6.090%6.090%7.320%
Blended rate6.640%6.931%7.560%
1st payment$2,377.54$2,377.54$2,936.63
2nd payment$0.00$395.13$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$180.01$180.01$85.50
HOA / mo$30.00$30.00$30.00
Total monthly$3,254.13$3,649.27$3,718.71
Cash to close$100,185$47,500$47,500