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$400,313$400,313$409,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,842$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.192%7.560%
1st payment$2,584.39$2,584.39$2,812.36
2nd payment$0.00$315.10$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$166.67$166.67$166.67
MI / mo$191.97$191.97$81.88
HOA / mo$0.00$0.00$0.00
Total monthly$3,305.54$3,620.64$3,423.41
Cash to close$54,587$22,745$45,490