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$426,994$426,994$436,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$33,661$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%7.050%7.560%
1st payment$2,713.10$2,713.10$2,997.83
2nd payment$0.00$333.11$0.00
Taxes / mo$612.50$612.50$612.50
Insurance / mo$166.67$166.67$166.67
MI / mo$204.76$204.76$87.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,697.04$4,030.14$3,864.28
Cash to close$57,906$24,245$48,490