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$421,789$421,789$484,200
Remaining term (yrs)27.827.830.0
Secondary amount$0$62,411$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.667%7.640%
1st payment$2,847.11$2,847.11$3,352.50
2nd payment$0.00$468.08$0.00
Taxes / mo$304.00$304.00$304.00
Insurance / mo$166.67$166.67$166.67
MI / mo$197.73$197.73$96.84
HOA / mo$60.83$60.83$60.83
Total monthly$3,576.34$4,044.42$3,980.84
Cash to close$116,211$53,800$53,800