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$358,037$358,037$400,410
Remaining term (yrs)27.727.730.0
Secondary amount$0$42,373$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.784%7.560%
1st payment$2,459.18$2,459.18$2,750.54
2nd payment$0.00$317.80$0.00
Taxes / mo$142.50$142.50$142.50
Insurance / mo$150.00$150.00$150.00
MI / mo$167.89$167.89$80.08
HOA / mo$0.00$0.00$0.00
Total monthly$2,919.57$3,237.37$3,123.12
Cash to close$86,863$44,490$44,490