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$370,566$370,566$504,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$133,434$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.170%7.390%7.560%
1st payment$2,409.37$2,409.37$3,462.13
2nd payment$0.00$889.56$0.00
Taxes / mo$5.17$5.17$5.17
Insurance / mo$166.67$166.67$166.67
MI / mo$172.55$172.55$100.80
HOA / mo$11.00$11.00$11.00
Total monthly$2,764.75$3,654.31$3,745.76
Cash to close$189,434$56,000$56,000