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$410,669$410,669$458,910
Remaining term (yrs)29.329.330.0
Secondary amount$0$48,241$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%6.942%7.640%
1st payment$2,519.23$2,519.23$3,177.40
2nd payment$0.00$361.81$0.00
Taxes / mo$424.92$424.92$424.92
Insurance / mo$166.67$166.67$166.67
MI / mo$189.53$189.53$91.78
HOA / mo$0.00$0.00$0.00
Total monthly$3,300.34$3,662.15$3,860.77
Cash to close$99,231$50,990$50,990