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$390,548$390,548$450,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$59,452$0
Funding fee$0$0$0
Note rate6.320%6.320%7.320%
Blended rate6.870%7.151%7.560%
1st payment$2,527.52$2,527.52$3,091.19
2nd payment$0.00$445.89$0.00
Taxes / mo$131.50$131.50$131.50
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,012.45$3,458.34$3,479.35
Cash to close$109,452$50,000$50,000