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$381,675$381,675$427,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$45,825$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.491%7.640%
1st payment$2,511.76$2,511.76$2,959.92
2nd payment$0.00$343.69$0.00
Taxes / mo$50.17$50.17$50.17
Insurance / mo$166.67$166.67$166.67
MI / mo$177.31$177.31$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,905.90$3,249.59$3,262.26
Cash to close$93,325$47,500$47,500