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$405,441$405,441$418,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$36,309$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.658%7.640%
1st payment$2,732.84$2,732.84$2,897.61
2nd payment$0.00$359.31$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$83.70
HOA / mo$460.00$460.00$460.00
Total monthly$3,940.52$4,299.83$3,995.48
Cash to close$59,559$23,250$46,500