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$404,799$404,799$436,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$31,701$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%6.932%7.560%
1st payment$2,506.50$2,506.50$2,998.45
2nd payment$0.00$237.76$0.00
Taxes / mo$162.00$162.00$162.00
Insurance / mo$166.67$166.67$166.67
MI / mo$187.17$187.17$87.30
HOA / mo$6.25$6.25$6.25
Total monthly$3,028.59$3,266.35$3,420.67
Cash to close$80,201$48,500$48,500