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$414,792$414,792$427,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$36,458$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.734%7.560%
1st payment$2,781.13$2,781.13$2,936.63
2nd payment$0.00$360.78$0.00
Taxes / mo$478.75$478.75$478.75
Insurance / mo$166.67$166.67$166.67
MI / mo$195.13$195.13$85.50
HOA / mo$214.00$214.00$214.00
Total monthly$3,835.67$4,196.45$3,881.55
Cash to close$60,208$23,750$47,500