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$420,271$420,271$440,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$44,279$0
Funding fee$0$0$0
Note rate6.290%6.290%7.400%
Blended rate7.140%7.591%7.640%
1st payment$2,732.05$2,732.05$3,047.16
2nd payment$0.00$438.17$0.00
Taxes / mo$681.83$681.83$681.83
Insurance / mo$166.67$166.67$166.67
MI / mo$312.98$312.98$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,893.52$4,331.70$3,983.68
Cash to close$68,729$24,450$48,900