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$405,230$405,230$427,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$46,020$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.407%7.560%
1st payment$2,627.09$2,627.09$2,936.63
2nd payment$0.00$455.41$0.00
Taxes / mo$391.50$391.50$391.50
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$85.50
HOA / mo$141.00$141.00$141.00
Total monthly$3,519.76$3,975.17$3,721.30
Cash to close$69,770$23,750$47,500