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$395,357$395,357$431,100
Remaining term (yrs)28.728.730.0
Secondary amount$0$35,743$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.212%7.640%
1st payment$2,532.13$2,532.13$2,984.85
2nd payment$0.00$268.07$0.00
Taxes / mo$232.25$232.25$232.25
Insurance / mo$166.67$166.67$166.67
MI / mo$183.61$183.61$86.22
HOA / mo$563.00$563.00$563.00
Total monthly$3,677.66$3,945.73$4,032.99
Cash to close$83,643$47,900$47,900