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$405,671$405,671$423,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$40,829$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.637%7.640%
1st payment$2,645.19$2,645.19$2,928.77
2nd payment$0.00$404.04$0.00
Taxes / mo$127.69$127.69$127.69
Insurance / mo$166.67$166.67$166.67
MI / mo$300.80$300.80$84.60
HOA / mo$32.92$32.92$32.92
Total monthly$3,273.27$3,677.31$3,340.64
Cash to close$64,329$23,500$47,000