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$374,207$374,207$382,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$29,543$0
Funding fee$0$0$0
Note rate6.560%6.560%7.320%
Blended rate7.110%7.459%7.560%
1st payment$2,404.32$2,404.32$2,627.51
2nd payment$0.00$292.35$0.00
Taxes / mo$117.33$117.33$117.33
Insurance / mo$150.00$150.00$150.00
MI / mo$173.26$173.26$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,844.91$3,137.26$2,971.34
Cash to close$50,793$21,250$42,500