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$355,554$355,554$374,034
Remaining term (yrs)28.028.030.0
Secondary amount$0$39,259$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.476%7.640%
1st payment$2,281.93$2,281.93$2,589.73
2nd payment$0.00$388.50$0.00
Taxes / mo$350.25$350.25$350.25
Insurance / mo$150.00$150.00$150.00
MI / mo$166.51$166.51$74.81
HOA / mo$1.67$1.67$1.67
Total monthly$2,950.36$3,338.86$3,166.46
Cash to close$60,039$20,780$41,559