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$369,872$369,872$400,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$30,628$0
Funding fee$0$0$0
Note rate6.780%6.780%7.240%
Blended rate7.330%7.458%7.480%
1st payment$2,450.64$2,450.64$2,729.40
2nd payment$0.00$229.71$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.64$172.64$80.10
HOA / mo$214.00$214.00$214.00
Total monthly$3,358.12$3,587.83$3,544.33
Cash to close$75,128$44,500$44,500