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$409,885$409,885$494,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$84,215$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%8.005%7.640%
1st payment$2,833.41$2,833.41$3,421.05
2nd payment$0.00$631.61$0.00
Taxes / mo$196.58$196.58$196.58
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$98.82
HOA / mo$96.00$96.00$96.00
Total monthly$3,595.85$4,227.47$3,979.12
Cash to close$139,115$54,900$54,900