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$410,074$410,074$427,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$41,176$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.390%7.640%
1st payment$2,668.87$2,668.87$2,959.92
2nd payment$0.00$407.47$0.00
Taxes / mo$329.33$329.33$329.33
Insurance / mo$166.67$166.67$166.67
MI / mo$195.76$195.76$85.50
HOA / mo$100.00$100.00$100.00
Total monthly$3,460.63$3,868.11$3,641.42
Cash to close$64,926$23,750$47,500