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$402,740$402,740$511,110
Remaining term (yrs)26.526.530.0
Secondary amount$0$108,370$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.433%7.640%
1st payment$2,711.59$2,711.59$3,538.82
2nd payment$0.00$722.47$0.00
Taxes / mo$746.75$746.75$746.75
Insurance / mo$166.67$166.67$166.67
MI / mo$192.01$192.01$102.22
HOA / mo$295.00$295.00$295.00
Total monthly$4,112.01$4,834.48$4,849.46
Cash to close$165,160$56,790$56,790