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$400,729$400,729$427,410
Remaining term (yrs)28.328.330.0
Secondary amount$0$26,681$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.594%7.560%
1st payment$2,697.33$2,697.33$2,936.01
2nd payment$0.00$200.11$0.00
Taxes / mo$100.75$100.75$100.75
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,151.50$3,351.62$3,288.91
Cash to close$74,171$47,490$47,490