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$383,489$383,489$441,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$57,511$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.678%7.640%
1st payment$2,573.81$2,573.81$3,053.39
2nd payment$0.00$431.34$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$178.57$178.57$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,477.38$3,908.72$3,866.59
Cash to close$106,511$49,000$49,000