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$392,333$392,333$449,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$57,577$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.648%7.640%
1st payment$2,653.70$2,653.70$3,115.09
2nd payment$0.00$431.83$0.00
Taxes / mo$409.92$409.92$409.92
Insurance / mo$166.67$166.67$166.67
MI / mo$184.68$184.68$89.98
HOA / mo$59.33$59.33$59.33
Total monthly$3,474.29$3,906.12$3,840.98
Cash to close$107,567$49,990$49,990