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$407,477$407,477$434,610
Remaining term (yrs)26.326.330.0
Secondary amount$0$27,133$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.330%7.434%7.640%
1st payment$2,687.89$2,687.89$3,009.15
2nd payment$0.00$203.50$0.00
Taxes / mo$237.42$237.42$237.42
Insurance / mo$166.67$166.67$166.67
MI / mo$301.85$301.85$86.92
HOA / mo$0.75$0.75$0.75
Total monthly$3,394.57$3,598.07$3,500.91
Cash to close$75,423$48,290$48,290