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$426,113$426,113$427,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,137$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.280%7.640%
1st payment$2,472.04$2,472.04$2,959.92
2nd payment$0.00$248.75$0.00
Taxes / mo$209.08$209.08$209.08
Insurance / mo$166.67$166.67$166.67
MI / mo$322.50$322.50$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,170.30$3,419.05$3,421.17
Cash to close$48,887$23,750$47,500