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$387,879$387,879$414,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$26,121$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.173%7.640%
1st payment$2,479.37$2,479.37$2,866.45
2nd payment$0.00$195.91$0.00
Taxes / mo$113.67$113.67$113.67
Insurance / mo$166.67$166.67$166.67
MI / mo$179.79$179.79$82.80
HOA / mo$29.83$29.83$29.83
Total monthly$2,969.32$3,165.23$3,259.42
Cash to close$72,121$46,000$46,000