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$400,807$400,807$486,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$85,193$0
Funding fee$0$0$0
Note rate5.270%5.270%7.400%
Blended rate6.120%6.625%7.640%
1st payment$2,372.87$2,372.87$3,364.97
2nd payment$0.00$638.95$0.00
Taxes / mo$164.92$164.92$164.92
Insurance / mo$166.67$166.67$166.67
MI / mo$303.70$303.70$97.20
HOA / mo$70.83$70.83$70.83
Total monthly$3,078.97$3,717.92$3,864.58
Cash to close$139,193$54,000$54,000