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$398,310$398,310$413,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$37,740$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.645%7.640%
1st payment$2,361.62$2,361.62$2,860.22
2nd payment$0.00$373.47$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$166.67$166.67$166.67
MI / mo$301.24$301.24$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,212.03$3,585.50$3,492.01
Cash to close$60,690$22,950$45,900