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$371,051$371,051$427,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$56,359$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%7.845%7.640%
1st payment$2,578.62$2,578.62$2,959.30
2nd payment$0.00$422.69$0.00
Taxes / mo$256.00$256.00$256.00
Insurance / mo$166.67$166.67$166.67
MI / mo$175.51$175.51$85.48
HOA / mo$40.00$40.00$40.00
Total monthly$3,216.80$3,639.49$3,507.45
Cash to close$103,849$47,490$47,490