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$423,867$423,867$526,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$102,633$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.058%7.640%
1st payment$2,729.17$2,729.17$3,645.38
2nd payment$0.00$684.22$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,585.85$4,270.07$4,404.85
Cash to close$161,133$58,500$58,500