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$420,253$420,253$476,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$56,657$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.149%7.560%
1st payment$2,640.13$2,640.13$3,276.04
2nd payment$0.00$424.93$0.00
Taxes / mo$352.83$352.83$352.83
Insurance / mo$166.67$166.67$166.67
MI / mo$194.47$194.47$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,354.10$3,779.03$3,890.92
Cash to close$109,647$52,990$52,990