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$406,911$406,911$449,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$42,189$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.523%7.640%
1st payment$2,733.88$2,733.88$3,109.48
2nd payment$0.00$316.42$0.00
Taxes / mo$505.67$505.67$505.67
Insurance / mo$166.67$166.67$166.67
MI / mo$191.81$191.81$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,598.03$3,914.45$3,871.63
Cash to close$92,089$49,900$49,900