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$361,901$361,901$373,499
Remaining term (yrs)26.426.430.0
Secondary amount$0$32,348$0
Funding fee$0$0$0
Note rate6.480%6.480%7.320%
Blended rate7.030%7.428%7.560%
1st payment$2,384.41$2,384.41$2,565.68
2nd payment$0.00$320.11$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$173.26$173.26$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,053.51$3,373.62$3,136.21
Cash to close$53,098$20,750$41,500