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$418,310$418,310$427,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$32,940$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.210%7.551%7.560%
1st payment$2,770.03$2,770.03$2,936.63
2nd payment$0.00$325.97$0.00
Taxes / mo$371.50$371.50$371.50
Insurance / mo$166.67$166.67$166.67
MI / mo$197.56$197.56$85.50
HOA / mo$175.00$175.00$175.00
Total monthly$3,680.76$4,006.73$3,735.30
Cash to close$56,690$23,750$47,500