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$419,113$419,113$427,410
Remaining term (yrs)27.927.930.0
Secondary amount$0$32,042$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.393%7.640%
1st payment$2,708.89$2,708.89$2,959.30
2nd payment$0.00$317.08$0.00
Taxes / mo$395.75$395.75$395.75
Insurance / mo$166.67$166.67$166.67
MI / mo$196.43$196.43$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,467.74$3,784.82$3,607.20
Cash to close$55,787$23,745$47,490