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$368,147$368,147$620,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$251,953$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.040%7.328%7.560%
1st payment$2,377.10$2,377.10$4,259.66
2nd payment$0.00$1,627.19$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$172.55$172.55$124.02
HOA / mo$297.00$297.00$297.00
Total monthly$3,587.49$5,214.68$5,421.51
Cash to close$320,853$68,900$68,900