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$372,672$372,672$378,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$26,328$0
Funding fee$0$0$0
Note rate6.560%6.560%7.400%
Blended rate7.110%7.424%7.640%
1st payment$2,394.45$2,394.45$2,617.20
2nd payment$0.00$260.54$0.00
Taxes / mo$142.08$142.08$142.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.55$172.55$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,859.09$3,119.63$2,984.88
Cash to close$47,328$21,000$42,000