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$429,422$429,422$436,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$31,328$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.378%7.640%
1st payment$2,750.30$2,750.30$3,022.24
2nd payment$0.00$310.02$0.00
Taxes / mo$109.00$109.00$109.00
Insurance / mo$166.67$166.67$166.67
MI / mo$199.43$199.43$87.30
HOA / mo$34.00$34.00$34.00
Total monthly$3,259.40$3,569.42$3,419.21
Cash to close$55,578$24,250$48,500