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$387,688$387,688$467,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$79,412$0
Funding fee$0$0$0
Note rate6.230%6.230%7.320%
Blended rate6.780%7.157%7.560%
1st payment$2,400.65$2,400.65$3,208.65
2nd payment$0.00$595.59$0.00
Taxes / mo$45.92$45.92$45.92
Insurance / mo$166.67$166.67$166.67
MI / mo$179.08$179.08$93.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,792.31$3,387.90$3,514.66
Cash to close$131,312$51,900$51,900