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$397,093$397,093$449,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$52,007$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.364%7.640%
1st payment$2,611.36$2,611.36$3,109.48
2nd payment$0.00$390.05$0.00
Taxes / mo$695.58$695.58$695.58
Insurance / mo$166.67$166.67$166.67
MI / mo$187.40$187.40$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,661.02$4,051.07$4,061.55
Cash to close$101,907$49,900$49,900