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$366,009$366,009$400,499
Remaining term (yrs)27.527.530.0
Secondary amount$0$34,490$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.556%7.560%
1st payment$2,465.98$2,465.98$2,751.15
2nd payment$0.00$258.68$0.00
Taxes / mo$139.75$139.75$139.75
Insurance / mo$150.00$150.00$150.00
MI / mo$172.14$172.14$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,927.87$3,186.54$3,121.00
Cash to close$78,990$44,500$44,500