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$406,787$406,787$424,800
Remaining term (yrs)28.528.530.0
Secondary amount$0$41,613$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.634%7.560%
1st payment$2,650.25$2,650.25$2,918.08
2nd payment$0.00$411.79$0.00
Taxes / mo$615.33$615.33$615.33
Insurance / mo$166.67$166.67$166.67
MI / mo$189.22$189.22$84.96
HOA / mo$260.00$260.00$260.00
Total monthly$3,881.46$4,293.26$4,045.04
Cash to close$65,213$23,600$47,200