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$423,674$423,674$440,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$41,731$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.929%7.560%
1st payment$2,884.93$2,884.93$3,028.75
2nd payment$0.00$412.96$0.00
Taxes / mo$408.25$408.25$408.25
Insurance / mo$166.67$166.67$166.67
MI / mo$198.95$198.95$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,658.79$4,071.76$3,691.84
Cash to close$66,226$24,495$48,990