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$370,036$370,036$395,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$25,874$0
Funding fee$0$0$0
Note rate6.910%6.910%7.240%
Blended rate7.460%7.561%7.480%
1st payment$2,483.32$2,483.32$2,698.12
2nd payment$0.00$194.05$0.00
Taxes / mo$366.58$366.58$366.58
Insurance / mo$150.00$150.00$150.00
MI / mo$172.64$172.64$79.18
HOA / mo$214.00$214.00$214.00
Total monthly$3,386.55$3,580.60$3,507.88
Cash to close$69,864$43,990$43,990