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$407,095$407,095$414,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$29,905$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.231%7.640%
1st payment$2,636.60$2,636.60$2,866.45
2nd payment$0.00$295.94$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$194.41$194.41$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,381.01$3,676.95$3,499.25
Cash to close$52,905$23,000$46,000