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$403,496$403,496$422,550
Remaining term (yrs)26.726.730.0
Secondary amount$0$42,529$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.365%7.560%
1st payment$2,610.19$2,610.19$2,902.63
2nd payment$0.00$420.86$0.00
Taxes / mo$396.17$396.17$396.17
Insurance / mo$166.67$166.67$166.67
MI / mo$192.47$192.47$84.51
HOA / mo$0.00$0.00$0.00
Total monthly$3,365.49$3,786.35$3,549.97
Cash to close$66,004$23,475$46,950