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$357,881$357,881$369,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$31,619$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.892%7.560%
1st payment$2,434.54$2,434.54$2,534.77
2nd payment$0.00$312.90$0.00
Taxes / mo$175.83$175.83$175.83
Insurance / mo$150.00$150.00$150.00
MI / mo$167.89$167.89$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,928.26$3,241.16$2,934.41
Cash to close$52,119$20,500$41,000