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$402,925$402,925$530,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$127,175$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%7.848%7.560%
1st payment$2,788.42$2,788.42$3,641.42
2nd payment$0.00$847.83$0.00
Taxes / mo$343.50$343.50$343.50
Insurance / mo$166.67$166.67$166.67
MI / mo$298.38$298.38$106.02
HOA / mo$20.00$20.00$20.00
Total monthly$3,616.97$4,464.81$4,277.61
Cash to close$186,075$58,900$58,900