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$399,986$399,986$449,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$49,114$0
Funding fee$0$0$0
Note rate6.340%6.340%7.320%
Blended rate6.890%7.121%7.560%
1st payment$2,590.56$2,590.56$3,085.01
2nd payment$0.00$368.36$0.00
Taxes / mo$352.08$352.08$352.08
Insurance / mo$166.67$166.67$166.67
MI / mo$191.02$191.02$89.82
HOA / mo$35.00$35.00$35.00
Total monthly$3,335.33$3,703.68$3,728.58
Cash to close$99,014$49,900$49,900