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$417,709$417,709$492,300
Remaining term (yrs)26.526.530.0
Secondary amount$0$74,591$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate6.970%7.278%7.560%
1st payment$2,729.72$2,729.72$3,381.76
2nd payment$0.00$559.44$0.00
Taxes / mo$455.83$455.83$455.83
Insurance / mo$166.67$166.67$166.67
MI / mo$199.60$199.60$98.46
HOA / mo$0.00$0.00$0.00
Total monthly$3,551.82$4,111.26$4,102.72
Cash to close$129,291$54,700$54,700