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$428,115$428,115$476,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$48,795$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.492%7.640%
1st payment$2,859.47$2,859.47$3,302.03
2nd payment$0.00$365.96$0.00
Taxes / mo$290.58$290.58$290.58
Insurance / mo$166.67$166.67$166.67
MI / mo$201.65$201.65$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,518.37$3,884.33$3,854.66
Cash to close$101,785$52,990$52,990