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$367,810$367,810$458,991
Remaining term (yrs)28.328.330.0
Secondary amount$0$91,181$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.518%7.560%
1st payment$2,391.39$2,391.39$3,152.95
2nd payment$0.00$683.86$0.00
Taxes / mo$74.92$74.92$74.92
Insurance / mo$166.67$166.67$166.67
MI / mo$171.62$171.62$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,804.60$3,488.45$3,486.33
Cash to close$142,180$50,999$50,999