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$413,943$413,943$418,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$27,807$0
Funding fee$0$0$0
Note rate4.750%4.750%7.400%
Blended rate5.300%5.714%7.640%
1st payment$2,193.17$2,193.17$2,897.61
2nd payment$0.00$275.17$0.00
Taxes / mo$540.00$540.00$540.00
Insurance / mo$166.67$166.67$166.67
MI / mo$192.70$192.70$83.70
HOA / mo$100.00$100.00$100.00
Total monthly$3,192.53$3,467.70$3,787.98
Cash to close$51,057$23,250$46,500