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$411,984$411,984$422,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$33,566$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.413%7.560%
1st payment$2,660.05$2,660.05$2,899.53
2nd payment$0.00$332.16$0.00
Taxes / mo$669.50$669.50$669.50
Insurance / mo$166.67$166.67$166.67
MI / mo$190.73$190.73$84.42
HOA / mo$124.00$124.00$124.00
Total monthly$3,810.94$4,143.11$3,944.12
Cash to close$57,016$23,450$46,900