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$409,185$409,185$436,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$27,315$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.416%7.560%
1st payment$2,695.35$2,695.35$2,998.45
2nd payment$0.00$204.86$0.00
Taxes / mo$208.92$208.92$208.92
Insurance / mo$166.67$166.67$166.67
MI / mo$190.27$190.27$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,261.21$3,466.07$3,461.34
Cash to close$75,815$48,500$48,500