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$421,313$421,313$450,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$28,687$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.025%7.640%
1st payment$2,728.69$2,728.69$3,115.71
2nd payment$0.00$215.15$0.00
Taxes / mo$143.36$143.36$143.36
Insurance / mo$166.67$166.67$166.67
MI / mo$201.20$201.20$90.00
HOA / mo$143.00$143.00$143.00
Total monthly$3,382.91$3,598.06$3,658.73
Cash to close$78,687$50,000$50,000