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$399,477$399,477$405,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,023$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.198%7.640%
1st payment$2,588.43$2,588.43$2,804.14
2nd payment$0.00$277.31$0.00
Taxes / mo$556.50$556.50$556.50
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$81.00
HOA / mo$5.00$5.00$5.00
Total monthly$3,491.19$3,768.50$3,596.64
Cash to close$50,523$22,500$45,000