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$393,554$393,554$458,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$64,546$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.720%7.640%
1st payment$2,649.16$2,649.16$3,171.79
2nd payment$0.00$484.09$0.00
Taxes / mo$248.17$248.17$248.17
Insurance / mo$166.67$166.67$166.67
MI / mo$183.24$183.24$91.62
HOA / mo$42.00$42.00$42.00
Total monthly$3,289.24$3,773.33$3,720.25
Cash to close$115,446$50,900$50,900