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$371,360$371,360$440,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$68,740$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.439%7.640%
1st payment$2,469.37$2,469.37$3,047.16
2nd payment$0.00$515.55$0.00
Taxes / mo$273.25$273.25$273.25
Insurance / mo$166.67$166.67$166.67
MI / mo$177.21$177.21$88.02
HOA / mo$100.00$100.00$100.00
Total monthly$3,186.51$3,702.06$3,675.10
Cash to close$117,640$48,900$48,900