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$414,973$414,973$432,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$41,027$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.730%7.640%
1st payment$2,757.63$2,757.63$2,991.08
2nd payment$0.00$406.00$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$194.47$194.47$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,518.76$3,924.76$3,644.15
Cash to close$65,027$24,000$48,000