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$401,362$401,362$422,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$45,043$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.843%7.640%
1st payment$2,657.53$2,657.53$2,928.14
2nd payment$0.00$445.74$0.00
Taxes / mo$443.62$443.62$443.62
Insurance / mo$166.67$166.67$166.67
MI / mo$186.08$186.08$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,453.88$3,899.63$3,623.01
Cash to close$68,538$23,495$46,990