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$398,252$398,252$476,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$77,848$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.185%7.640%
1st payment$2,567.33$2,567.33$3,296.42
2nd payment$0.00$583.86$0.00
Taxes / mo$440.83$440.83$440.83
Insurance / mo$166.67$166.67$166.67
MI / mo$190.51$190.51$95.22
HOA / mo$17.00$17.00$17.00
Total monthly$3,382.34$3,966.20$4,016.14
Cash to close$130,748$52,900$52,900