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$397,175$397,175$477,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$79,825$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.790%7.992%7.640%
1st payment$2,742.99$2,742.99$3,302.65
2nd payment$0.00$598.69$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$293.82$293.82$95.40
HOA / mo$229.00$229.00$229.00
Total monthly$3,874.14$4,472.83$4,235.38
Cash to close$132,825$53,000$53,000