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$374,003$374,003$382,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$29,747$0
Funding fee$0$0$0
Note rate6.130%6.130%7.400%
Blended rate6.680%7.063%7.640%
1st payment$2,381.72$2,381.72$2,648.35
2nd payment$0.00$294.38$0.00
Taxes / mo$348.50$348.50$348.50
Insurance / mo$150.00$150.00$150.00
MI / mo$179.56$179.56$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,059.78$3,354.16$3,223.35
Cash to close$50,997$21,250$42,500