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$387,453$387,453$441,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$53,547$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.216%7.640%
1st payment$2,532.00$2,532.00$3,053.39
2nd payment$0.00$401.60$0.00
Taxes / mo$415.50$415.50$415.50
Insurance / mo$166.67$166.67$166.67
MI / mo$185.14$185.14$88.20
HOA / mo$198.00$198.00$198.00
Total monthly$3,497.31$3,898.91$3,921.76
Cash to close$102,547$49,000$49,000