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$384,025$384,025$391,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$29,225$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.809%7.640%
1st payment$2,599.76$2,599.76$2,710.67
2nd payment$0.00$289.20$0.00
Taxes / mo$28.42$28.42$28.42
Insurance / mo$150.00$150.00$150.00
MI / mo$180.01$180.01$78.30
HOA / mo$54.00$54.00$54.00
Total monthly$3,012.19$3,301.39$3,021.38
Cash to close$50,975$21,750$43,500