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$399,071$399,071$445,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$46,429$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.513%7.640%
1st payment$2,665.20$2,665.20$3,084.55
2nd payment$0.00$348.22$0.00
Taxes / mo$283.67$283.67$283.67
Insurance / mo$166.67$166.67$166.67
MI / mo$187.57$187.57$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,303.10$3,651.32$3,623.99
Cash to close$95,929$49,500$49,500