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$410,612$410,612$476,550
Remaining term (yrs)26.626.630.0
Secondary amount$0$65,938$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.122%7.640%
1st payment$2,641.23$2,641.23$3,299.54
2nd payment$0.00$494.53$0.00
Taxes / mo$441.25$441.25$441.25
Insurance / mo$166.67$166.67$166.67
MI / mo$196.20$196.20$95.31
HOA / mo$176.00$176.00$176.00
Total monthly$3,621.35$4,115.88$4,178.76
Cash to close$118,888$52,950$52,950