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$392,885$392,885$404,910
Remaining term (yrs)28.628.630.0
Secondary amount$0$34,520$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.679%7.640%
1st payment$2,585.53$2,585.53$2,803.52
2nd payment$0.00$341.61$0.00
Taxes / mo$143.08$143.08$143.08
Insurance / mo$150.00$150.00$150.00
MI / mo$182.52$182.52$80.98
HOA / mo$80.00$80.00$80.00
Total monthly$3,141.13$3,482.74$3,257.58
Cash to close$57,015$22,495$44,990