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$404,657$404,657$431,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$26,443$0
Funding fee$0$0$0
Note rate5.810%5.810%7.320%
Blended rate6.660%6.804%7.560%
1st payment$2,520.40$2,520.40$2,961.36
2nd payment$0.00$198.32$0.00
Taxes / mo$363.58$363.58$363.58
Insurance / mo$166.67$166.67$166.67
MI / mo$303.93$303.93$86.22
HOA / mo$13.83$13.83$13.83
Total monthly$3,368.41$3,566.73$3,591.66
Cash to close$74,343$47,900$47,900