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$377,465$377,465$475,200
Remaining term (yrs)26.026.030.0
Secondary amount$0$97,735$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.790%8.039%7.560%
1st payment$2,609.79$2,609.79$3,264.29
2nd payment$0.00$733.02$0.00
Taxes / mo$440.00$440.00$440.00
Insurance / mo$166.67$166.67$166.67
MI / mo$279.55$279.55$95.04
HOA / mo$35.42$35.42$35.42
Total monthly$3,531.43$4,264.45$4,001.42
Cash to close$150,535$52,800$52,800