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$432,761$432,761$540,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$107,239$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.151%7.640%
1st payment$2,816.53$2,816.53$3,738.85
2nd payment$0.00$714.92$0.00
Taxes / mo$813.92$813.92$813.92
Insurance / mo$166.67$166.67$166.67
MI / mo$206.59$206.59$108.00
HOA / mo$38.67$38.67$38.67
Total monthly$4,042.38$4,757.30$4,866.10
Cash to close$167,239$60,000$60,000