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$402,569$402,569$454,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$51,931$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.573%7.640%
1st payment$2,406.25$2,406.25$3,146.87
2nd payment$0.00$389.48$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,042.78$3,432.26$3,571.10
Cash to close$102,431$50,500$50,500