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$371,008$371,008$400,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,492$0
Funding fee$0$0$0
Note rate6.770%6.770%7.320%
Blended rate7.320%7.444%7.560%
1st payment$2,499.20$2,499.20$2,751.16
2nd payment$0.00$221.19$0.00
Taxes / mo$93.08$93.08$93.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.37$172.37$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,914.66$3,135.84$3,074.34
Cash to close$73,992$44,500$44,500