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$425,766$425,766$494,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$69,144$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.185%7.640%
1st payment$2,757.53$2,757.53$3,426.66
2nd payment$0.00$518.58$0.00
Taxes / mo$456.17$456.17$456.17
Insurance / mo$166.67$166.67$166.67
MI / mo$203.33$203.33$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,583.69$4,102.27$4,148.47
Cash to close$124,134$54,990$54,990