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$406,021$406,021$431,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$25,889$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.242%7.640%
1st payment$2,614.04$2,614.04$2,990.46
2nd payment$0.00$194.16$0.00
Taxes / mo$219.75$219.75$219.75
Insurance / mo$166.67$166.67$166.67
MI / mo$187.98$187.98$86.38
HOA / mo$120.00$120.00$120.00
Total monthly$3,308.44$3,502.60$3,583.26
Cash to close$73,879$47,990$47,990