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$398,294$398,294$405,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,206$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.557%7.640%
1st payment$2,662.48$2,662.48$2,804.14
2nd payment$0.00$289.02$0.00
Taxes / mo$528.08$528.08$528.08
Insurance / mo$150.00$150.00$150.00
MI / mo$189.31$189.31$81.00
HOA / mo$160.00$160.00$160.00
Total monthly$3,689.87$3,978.89$3,723.22
Cash to close$51,706$22,500$45,000