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$397,526$397,526$427,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$29,974$0
Funding fee$0$0$0
Note rate4.720%4.720%7.320%
Blended rate5.570%5.810%7.560%
1st payment$2,225.13$2,225.13$2,936.63
2nd payment$0.00$224.81$0.00
Taxes / mo$473.08$473.08$473.08
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$85.50
HOA / mo$205.00$205.00$205.00
Total monthly$3,373.08$3,597.88$3,866.88
Cash to close$77,474$47,500$47,500