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$386,548$386,548$417,600
Remaining term (yrs)28.828.830.0
Secondary amount$0$31,052$0
Funding fee$0$0$0
Note rate6.740%6.740%7.240%
Blended rate7.290%7.417%7.480%
1st payment$2,531.61$2,531.61$2,845.94
2nd payment$0.00$232.89$0.00
Taxes / mo$582.25$582.25$582.25
Insurance / mo$166.67$166.67$166.67
MI / mo$179.08$179.08$83.52
HOA / mo$0.00$0.00$0.00
Total monthly$3,459.60$3,692.49$3,678.37
Cash to close$77,452$46,400$46,400