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$402,119$402,119$471,600
Remaining term (yrs)26.626.630.0
Secondary amount$0$69,481$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.141%7.560%
1st payment$2,586.60$2,586.60$3,239.56
2nd payment$0.00$521.11$0.00
Taxes / mo$582.92$582.92$582.92
Insurance / mo$166.67$166.67$166.67
MI / mo$192.14$192.14$94.32
HOA / mo$0.00$0.00$0.00
Total monthly$3,528.32$4,049.43$4,083.47
Cash to close$121,881$52,400$52,400