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$355,934$355,934$418,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$62,566$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.682%7.640%
1st payment$2,425.01$2,425.01$2,897.61
2nd payment$0.00$469.24$0.00
Taxes / mo$203.83$203.83$203.83
Insurance / mo$166.67$166.67$166.67
MI / mo$168.76$168.76$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,964.27$3,433.52$3,351.81
Cash to close$109,066$46,500$46,500