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$426,713$426,713$454,499
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,786$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.301%7.560%
1st payment$2,817.15$2,817.15$3,122.09
2nd payment$0.00$208.40$0.00
Taxes / mo$394.50$394.50$394.50
Insurance / mo$166.67$166.67$166.67
MI / mo$201.34$201.34$90.90
HOA / mo$25.00$25.00$25.00
Total monthly$3,604.66$3,813.06$3,799.16
Cash to close$78,286$50,500$50,500