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$381,707$381,707$512,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$130,393$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.040%7.284%7.560%
1st payment$2,505.59$2,505.59$3,517.77
2nd payment$0.00$869.29$0.00
Taxes / mo$322.50$322.50$322.50
Insurance / mo$166.67$166.67$166.67
MI / mo$181.88$181.88$102.42
HOA / mo$135.00$135.00$135.00
Total monthly$3,311.64$4,180.93$4,244.36
Cash to close$187,293$56,900$56,900