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$416,408$416,408$439,110
Remaining term (yrs)28.628.630.0
Secondary amount$0$47,097$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.657%7.560%
1st payment$2,704.86$2,704.86$3,016.38
2nd payment$0.00$466.07$0.00
Taxes / mo$596.58$596.58$596.58
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$87.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,661.62$4,127.69$3,867.45
Cash to close$71,492$24,395$48,790