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$410,605$410,605$420,750
Remaining term (yrs)29.029.030.0
Secondary amount$0$33,520$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.229%7.640%
1st payment$2,566.22$2,566.22$2,913.19
2nd payment$0.00$331.71$0.00
Taxes / mo$277.42$277.42$277.42
Insurance / mo$166.67$166.67$166.67
MI / mo$190.02$190.02$84.15
HOA / mo$322.00$322.00$322.00
Total monthly$3,522.33$3,854.04$3,763.42
Cash to close$56,895$23,375$46,750