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$420,871$420,871$539,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$118,229$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.617%7.560%
1st payment$2,833.04$2,833.04$3,703.24
2nd payment$0.00$788.19$0.00
Taxes / mo$555.67$555.67$555.67
Insurance / mo$166.67$166.67$166.67
MI / mo$195.96$195.96$107.82
HOA / mo$155.00$155.00$155.00
Total monthly$3,906.34$4,694.53$4,688.40
Cash to close$178,129$59,900$59,900