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$395,700$395,700$463,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$67,800$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.164%7.560%
1st payment$2,456.24$2,456.24$3,183.92
2nd payment$0.00$508.50$0.00
Taxes / mo$297.17$297.17$297.17
Insurance / mo$166.67$166.67$166.67
MI / mo$181.88$181.88$92.70
HOA / mo$87.00$87.00$87.00
Total monthly$3,188.95$3,697.45$3,827.46
Cash to close$119,300$51,500$51,500