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$395,532$395,532$405,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$31,968$0
Funding fee$0$0$0
Note rate6.200%6.200%7.320%
Blended rate6.750%7.133%7.560%
1st payment$2,477.66$2,477.66$2,782.07
2nd payment$0.00$316.35$0.00
Taxes / mo$463.67$463.67$463.67
Insurance / mo$150.00$150.00$150.00
MI / mo$185.41$185.41$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,276.74$3,593.09$3,476.74
Cash to close$54,468$22,500$45,000