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$420,756$420,756$484,200
Remaining term (yrs)28.928.930.0
Secondary amount$0$63,444$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.497%7.640%
1st payment$2,750.11$2,750.11$3,352.50
2nd payment$0.00$475.83$0.00
Taxes / mo$448.33$448.33$448.33
Insurance / mo$166.67$166.67$166.67
MI / mo$194.94$194.94$96.84
HOA / mo$0.00$0.00$0.00
Total monthly$3,560.04$4,035.87$4,064.34
Cash to close$117,244$53,800$53,800