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$406,476$406,476$467,955
Remaining term (yrs)26.026.030.0
Secondary amount$0$61,479$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.960%7.228%7.560%
1st payment$2,596.67$2,596.67$3,214.53
2nd payment$0.00$461.09$0.00
Taxes / mo$1,010.92$1,010.92$1,010.92
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$93.59
HOA / mo$0.00$0.00$0.00
Total monthly$4,077.46$4,538.55$4,485.71
Cash to close$113,474$51,995$51,995