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$369,655$369,655$386,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$38,750$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.693%7.560%
1st payment$2,195.04$2,195.04$2,657.80
2nd payment$0.00$383.46$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$150.00$150.00$150.00
MI / mo$279.99$279.99$77.38
HOA / mo$13.33$13.33$13.33
Total monthly$2,858.87$3,242.33$3,119.02
Cash to close$60,245$21,495$42,990