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$399,687$399,687$422,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$45,863$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.825%7.560%
1st payment$2,656.05$2,656.05$2,899.53
2nd payment$0.00$453.85$0.00
Taxes / mo$236.33$236.33$236.33
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$84.42
HOA / mo$71.67$71.67$71.67
Total monthly$3,317.26$3,771.11$3,458.62
Cash to close$69,313$23,450$46,900