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$370,455$370,455$403,200
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,745$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.611%7.640%
1st payment$2,242.36$2,242.36$2,791.68
2nd payment$0.00$245.59$0.00
Taxes / mo$170.58$170.58$170.58
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$80.64
HOA / mo$35.00$35.00$35.00
Total monthly$2,876.14$3,121.73$3,227.90
Cash to close$77,545$44,800$44,800