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$400,507$400,507$449,991
Remaining term (yrs)27.527.530.0
Secondary amount$0$49,484$0
Funding fee$0$0$0
Note rate6.820%6.820%7.320%
Blended rate7.370%7.549%7.560%
1st payment$2,685.35$2,685.35$3,091.13
2nd payment$0.00$371.13$0.00
Taxes / mo$222.50$222.50$222.50
Insurance / mo$166.67$166.67$166.67
MI / mo$188.41$188.41$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,262.92$3,634.05$3,570.29
Cash to close$99,483$49,999$49,999