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$396,002$396,002$422,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$26,098$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.386%7.640%
1st payment$2,669.22$2,669.22$2,922.54
2nd payment$0.00$195.73$0.00
Taxes / mo$473.68$473.68$473.68
Insurance / mo$166.67$166.67$166.67
MI / mo$189.01$189.01$84.42
HOA / mo$96.00$96.00$96.00
Total monthly$3,594.57$3,790.31$3,743.30
Cash to close$72,998$46,900$46,900