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$396,465$396,465$405,000
Remaining term (yrs)28.628.630.0
Secondary amount$0$31,035$0
Funding fee$0$0$0
Note rate6.370%6.370%7.320%
Blended rate6.920%7.280%7.560%
1st payment$2,508.34$2,508.34$2,782.07
2nd payment$0.00$307.11$0.00
Taxes / mo$566.33$566.33$566.33
Insurance / mo$150.00$150.00$150.00
MI / mo$182.26$182.26$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,406.94$3,714.05$3,579.40
Cash to close$53,535$22,500$45,000