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$374,293$374,293$508,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$134,207$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.639%7.640%
1st payment$2,562.01$2,562.01$3,520.75
2nd payment$0.00$894.71$0.00
Taxes / mo$241.83$241.83$241.83
Insurance / mo$166.67$166.67$166.67
MI / mo$177.21$177.21$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,147.73$4,042.44$4,030.95
Cash to close$190,707$56,500$56,500