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$400,403$400,403$411,300
Remaining term (yrs)27.327.330.0
Secondary amount$0$33,747$0
Funding fee$0$0$0
Note rate6.660%6.660%7.400%
Blended rate7.210%7.573%7.640%
1st payment$2,651.45$2,651.45$2,847.76
2nd payment$0.00$333.95$0.00
Taxes / mo$256.08$256.08$256.08
Insurance / mo$166.67$166.67$166.67
MI / mo$189.11$189.11$82.26
HOA / mo$0.00$0.00$0.00
Total monthly$3,263.31$3,597.26$3,352.77
Cash to close$56,597$22,850$45,700