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$374,877$374,877$418,410
Remaining term (yrs)27.527.530.0
Secondary amount$0$43,533$0
Funding fee$0$0$0
Note rate6.900%6.900%7.320%
Blended rate7.450%7.611%7.560%
1st payment$2,533.07$2,533.07$2,874.19
2nd payment$0.00$326.50$0.00
Taxes / mo$284.50$284.50$284.50
Insurance / mo$166.67$166.67$166.67
MI / mo$176.28$176.28$83.68
HOA / mo$159.00$159.00$159.00
Total monthly$3,319.52$3,646.02$3,568.04
Cash to close$90,023$46,490$46,490