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$364,105$364,105$377,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$34,800$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.918%7.640%
1st payment$2,476.88$2,476.88$2,616.57
2nd payment$0.00$344.38$0.00
Taxes / mo$397.67$397.67$397.67
Insurance / mo$150.00$150.00$150.00
MI / mo$170.81$170.81$75.58
HOA / mo$130.00$130.00$130.00
Total monthly$3,325.35$3,669.73$3,369.82
Cash to close$55,795$20,995$41,990