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$396,851$396,851$427,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$30,649$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.227%7.560%
1st payment$2,623.69$2,623.69$2,936.63
2nd payment$0.00$229.87$0.00
Taxes / mo$192.75$192.75$192.75
Insurance / mo$166.67$166.67$166.67
MI / mo$189.46$189.46$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,172.57$3,402.43$3,381.55
Cash to close$78,149$47,500$47,500