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$395,141$395,141$414,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$41,859$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.729%7.640%
1st payment$2,628.81$2,628.81$2,866.45
2nd payment$0.00$414.23$0.00
Taxes / mo$588.83$588.83$588.83
Insurance / mo$166.67$166.67$166.67
MI / mo$185.96$185.96$82.80
HOA / mo$162.00$162.00$162.00
Total monthly$3,732.26$4,146.49$3,866.75
Cash to close$64,859$23,000$46,000