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$400,668$400,668$445,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$44,832$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%5.447%7.640%
1st payment$2,147.28$2,147.28$3,084.55
2nd payment$0.00$336.24$0.00
Taxes / mo$277.25$277.25$277.25
Insurance / mo$166.67$166.67$166.67
MI / mo$311.03$311.03$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,902.23$3,238.47$3,617.57
Cash to close$94,332$49,500$49,500