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$418,782$418,782$530,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$111,318$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.249%7.560%
1st payment$2,701.14$2,701.14$3,641.42
2nd payment$0.00$742.12$0.00
Taxes / mo$235.25$235.25$235.25
Insurance / mo$166.67$166.67$166.67
MI / mo$195.87$195.87$106.02
HOA / mo$65.00$65.00$65.00
Total monthly$3,363.93$4,106.05$4,214.36
Cash to close$170,218$58,900$58,900