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$379,420$379,420$441,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$61,580$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.443%7.640%
1st payment$2,469.47$2,469.47$3,053.39
2nd payment$0.00$461.85$0.00
Taxes / mo$226.50$226.50$226.50
Insurance / mo$166.67$166.67$166.67
MI / mo$176.49$176.49$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,039.13$3,500.98$3,534.76
Cash to close$110,580$49,000$49,000