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$385,078$385,078$458,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$73,832$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.305%7.560%
1st payment$2,513.02$2,513.02$3,152.39
2nd payment$0.00$553.74$0.00
Taxes / mo$424.92$424.92$424.92
Insurance / mo$166.67$166.67$166.67
MI / mo$183.56$183.56$91.78
HOA / mo$224.00$224.00$224.00
Total monthly$3,512.17$4,065.91$4,059.76
Cash to close$124,822$50,990$50,990