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$432,175$432,175$439,200
Remaining term (yrs)26.526.530.0
Secondary amount$0$31,425$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.470%7.640%
1st payment$2,873.77$2,873.77$3,040.93
2nd payment$0.00$310.98$0.00
Taxes / mo$841.58$841.58$841.58
Insurance / mo$166.67$166.67$166.67
MI / mo$206.24$206.24$87.84
HOA / mo$7.50$7.50$7.50
Total monthly$4,095.75$4,406.73$4,144.52
Cash to close$55,825$24,400$48,800