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$403,119$403,119$422,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$43,286$0
Funding fee$0$0$0
Note rate5.540%5.540%7.320%
Blended rate6.390%6.922%7.560%
1st payment$2,441.12$2,441.12$2,905.10
2nd payment$0.00$428.35$0.00
Taxes / mo$672.83$672.83$672.83
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$84.58
HOA / mo$104.00$104.00$104.00
Total monthly$3,687.82$4,116.17$3,933.18
Cash to close$66,781$23,495$46,990