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$405,402$405,402$413,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,648$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.210%7.538%7.560%
1st payment$2,681.70$2,681.70$2,837.71
2nd payment$0.00$303.29$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,422.13$3,725.42$3,469.50
Cash to close$53,598$22,950$45,900