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$406,606$406,606$458,100
Remaining term (yrs)29.829.830.0
Secondary amount$0$51,494$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%6.959%7.560%
1st payment$2,479.56$2,479.56$3,146.83
2nd payment$0.00$386.20$0.00
Taxes / mo$202.08$202.08$202.08
Insurance / mo$166.67$166.67$166.67
MI / mo$186.54$186.54$91.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,034.85$3,421.05$3,607.20
Cash to close$102,394$50,900$50,900