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$390,356$390,356$436,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$46,144$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.784%7.640%
1st payment$2,705.10$2,705.10$3,022.24
2nd payment$0.00$346.08$0.00
Taxes / mo$216.08$216.08$216.08
Insurance / mo$166.67$166.67$166.67
MI / mo$184.68$184.68$87.30
HOA / mo$35.00$35.00$35.00
Total monthly$3,307.53$3,653.61$3,527.29
Cash to close$94,644$48,500$48,500