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$422,405$422,405$427,491
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,835$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.218%7.640%
1st payment$2,689.40$2,689.40$2,959.86
2nd payment$0.00$285.35$0.00
Taxes / mo$555.83$555.83$555.83
Insurance / mo$166.67$166.67$166.67
MI / mo$198.10$198.10$85.50
HOA / mo$127.00$127.00$127.00
Total monthly$3,737.00$4,022.35$3,894.86
Cash to close$52,585$23,750$47,499