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$396,463$396,463$436,410
Remaining term (yrs)28.028.030.0
Secondary amount$0$39,947$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.883%7.560%
1st payment$2,463.31$2,463.31$2,997.83
2nd payment$0.00$299.60$0.00
Taxes / mo$342.58$342.58$342.58
Insurance / mo$166.67$166.67$166.67
MI / mo$185.91$185.91$87.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,158.48$3,458.08$3,594.37
Cash to close$88,437$48,490$48,490