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$387,519$387,519$423,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$35,481$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.553%7.560%
1st payment$2,613.55$2,613.55$2,905.72
2nd payment$0.00$266.11$0.00
Taxes / mo$345.75$345.75$345.75
Insurance / mo$166.67$166.67$166.67
MI / mo$182.44$182.44$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,308.40$3,574.51$3,502.73
Cash to close$82,481$47,000$47,000