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$425,298$425,298$508,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$83,202$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.118%7.640%
1st payment$2,664.12$2,664.12$3,520.75
2nd payment$0.00$624.01$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$199.37$199.37$101.70
HOA / mo$480.00$480.00$480.00
Total monthly$3,980.99$4,605.00$4,739.95
Cash to close$139,702$56,500$56,500