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$408,903$408,903$440,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$31,197$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.287%7.560%
1st payment$2,407.38$2,407.38$3,023.18
2nd payment$0.00$233.98$0.00
Taxes / mo$407.50$407.50$407.50
Insurance / mo$166.67$166.67$166.67
MI / mo$309.50$309.50$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,291.05$3,525.03$3,685.37
Cash to close$80,097$48,900$48,900