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$402,354$402,354$436,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,146$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.299%7.560%
1st payment$2,355.71$2,355.71$2,998.45
2nd payment$0.00$256.10$0.00
Taxes / mo$700.27$700.27$700.27
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$87.30
HOA / mo$8.92$8.92$8.92
Total monthly$3,534.76$3,790.85$3,961.61
Cash to close$82,646$48,500$48,500