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$414,736$414,736$436,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$46,014$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.622%7.560%
1st payment$2,696.49$2,696.49$2,998.45
2nd payment$0.00$455.35$0.00
Taxes / mo$149.58$149.58$149.58
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,206.25$3,661.60$3,402.00
Cash to close$70,264$24,250$48,500