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$355,836$355,836$373,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$38,414$0
Funding fee$0$0$0
Note rate5.130%5.130%7.320%
Blended rate5.980%6.554%7.560%
1st payment$2,064.32$2,064.32$2,565.69
2nd payment$0.00$380.14$0.00
Taxes / mo$286.75$286.75$286.75
Insurance / mo$150.00$150.00$150.00
MI / mo$268.40$268.40$74.70
HOA / mo$40.00$40.00$40.00
Total monthly$2,809.47$3,189.61$3,117.14
Cash to close$59,164$20,750$41,500