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$425,029$425,029$458,999
Remaining term (yrs)26.426.430.0
Secondary amount$0$33,971$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.842%7.560%
1st payment$2,700.62$2,700.62$3,153.01
2nd payment$0.00$254.78$0.00
Taxes / mo$351.25$351.25$351.25
Insurance / mo$166.67$166.67$166.67
MI / mo$203.82$203.82$91.80
HOA / mo$192.00$192.00$192.00
Total monthly$3,614.36$3,869.14$3,954.72
Cash to close$84,970$51,000$51,000