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$400,020$400,020$427,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$27,480$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%6.286%7.640%
1st payment$2,359.84$2,359.84$2,959.92
2nd payment$0.00$206.10$0.00
Taxes / mo$979.25$979.25$979.25
Insurance / mo$166.67$166.67$166.67
MI / mo$302.71$302.71$85.50
HOA / mo$12.50$12.50$12.50
Total monthly$3,820.97$4,027.07$4,203.84
Cash to close$74,980$47,500$47,500