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$357,678$357,678$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$46,072$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.601%7.640%
1st payment$2,358.35$2,358.35$2,648.35
2nd payment$0.00$455.92$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$171.01$171.01$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,033.53$3,489.45$3,229.02
Cash to close$67,322$21,250$42,500