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$403,737$403,737$481,770
Remaining term (yrs)25.925.930.0
Secondary amount$0$78,033$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%6.821%7.560%
1st payment$2,443.81$2,443.81$3,309.43
2nd payment$0.00$585.25$0.00
Taxes / mo$615.83$615.83$615.83
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$96.35
HOA / mo$142.00$142.00$142.00
Total monthly$3,671.51$4,256.76$4,330.28
Cash to close$131,563$53,530$53,530