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$409,272$409,272$445,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$36,228$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.411%7.560%
1st payment$2,698.30$2,698.30$3,060.28
2nd payment$0.00$271.71$0.00
Taxes / mo$551.25$551.25$551.25
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$89.10
HOA / mo$294.00$294.00$294.00
Total monthly$3,901.48$4,173.19$4,161.29
Cash to close$85,728$49,500$49,500