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$419,993$419,993$423,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$26,507$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.951%7.640%
1st payment$2,560.23$2,560.23$2,928.77
2nd payment$0.00$262.31$0.00
Taxes / mo$152.75$152.75$152.75
Insurance / mo$166.67$166.67$166.67
MI / mo$193.84$193.84$84.60
HOA / mo$40.00$40.00$40.00
Total monthly$3,113.49$3,375.80$3,372.78
Cash to close$50,007$23,500$47,000