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$395,397$395,397$418,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$46,353$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.682%7.560%
1st payment$2,613.20$2,613.20$2,874.80
2nd payment$0.00$458.70$0.00
Taxes / mo$459.50$459.50$459.50
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,426.13$3,884.83$3,584.67
Cash to close$69,603$23,250$46,500