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$386,548$386,548$426,600
Remaining term (yrs)28.928.930.0
Secondary amount$0$40,052$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.451%7.640%
1st payment$2,531.61$2,531.61$2,953.69
2nd payment$0.00$300.39$0.00
Taxes / mo$582.25$582.25$582.25
Insurance / mo$166.67$166.67$166.67
MI / mo$179.08$179.08$85.32
HOA / mo$0.00$0.00$0.00
Total monthly$3,459.60$3,759.99$3,787.93
Cash to close$87,452$47,400$47,400