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$427,743$427,743$468,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$40,257$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%6.998%7.640%
1st payment$2,662.28$2,662.28$3,240.34
2nd payment$0.00$301.93$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$197.97$197.97$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,460.25$3,762.18$3,933.94
Cash to close$92,257$52,000$52,000