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$387,379$387,379$449,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$61,721$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.663%7.640%
1st payment$2,620.19$2,620.19$3,109.48
2nd payment$0.00$462.91$0.00
Taxes / mo$263.50$263.50$263.50
Insurance / mo$166.67$166.67$166.67
MI / mo$182.34$182.34$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,232.70$3,695.61$3,629.46
Cash to close$111,621$49,900$49,900