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$382,248$382,248$441,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$58,752$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.414%7.640%
1st payment$2,521.37$2,521.37$3,053.39
2nd payment$0.00$440.64$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$166.67$166.67$166.67
MI / mo$180.57$180.57$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,089.11$3,529.75$3,528.76
Cash to close$107,752$49,000$49,000