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$400,462$400,462$404,999
Remaining term (yrs)26.826.830.0
Secondary amount$0$27,037$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.514%7.640%
1st payment$2,671.82$2,671.82$2,804.13
2nd payment$0.00$267.55$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$190.36$190.36$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,387.19$3,654.74$3,410.13
Cash to close$49,537$22,500$45,000