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$402,463$402,463$494,999
Remaining term (yrs)26.826.830.0
Secondary amount$0$92,536$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.585%7.640%
1st payment$2,695.53$2,695.53$3,427.27
2nd payment$0.00$694.02$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$99.00
HOA / mo$690.00$690.00$690.00
Total monthly$4,201.79$4,895.81$4,841.27
Cash to close$147,536$55,000$55,000