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$407,321$407,321$494,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$86,779$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.549%7.640%
1st payment$2,702.29$2,702.29$3,421.05
2nd payment$0.00$650.84$0.00
Taxes / mo$295.50$295.50$295.50
Insurance / mo$166.67$166.67$166.67
MI / mo$192.14$192.14$98.82
HOA / mo$6.25$6.25$6.25
Total monthly$3,362.84$4,013.69$3,988.29
Cash to close$141,679$54,900$54,900