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$411,107$411,107$418,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,643$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.757%7.640%
1st payment$2,780.68$2,780.68$2,897.61
2nd payment$0.00$303.24$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$193.51$193.51$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,528.36$3,831.60$3,535.48
Cash to close$53,893$23,250$46,500