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$384,268$384,268$422,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$38,642$0
Funding fee$0$0$0
Note rate6.860%6.860%7.240%
Blended rate7.410%7.555%7.480%
1st payment$2,576.19$2,576.19$2,882.12
2nd payment$0.00$289.82$0.00
Taxes / mo$391.58$391.58$391.58
Insurance / mo$166.67$166.67$166.67
MI / mo$180.01$180.01$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,314.45$3,604.26$3,524.96
Cash to close$85,632$46,990$46,990