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$419,807$419,807$466,200
Remaining term (yrs)27.527.530.0
Secondary amount$0$46,393$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.460%7.640%
1st payment$2,792.90$2,792.90$3,227.87
2nd payment$0.00$347.95$0.00
Taxes / mo$431.67$431.67$431.67
Insurance / mo$166.67$166.67$166.67
MI / mo$197.56$197.56$93.24
HOA / mo$110.00$110.00$110.00
Total monthly$3,698.80$4,046.75$4,029.45
Cash to close$98,193$51,800$51,800