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$394,899$394,899$432,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$37,101$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.800%7.903%7.640%
1st payment$2,729.82$2,729.82$2,991.08
2nd payment$0.00$278.25$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$166.67$166.67$166.67
MI / mo$292.11$292.11$86.40
HOA / mo$235.00$235.00$235.00
Total monthly$3,711.10$3,989.35$3,766.65
Cash to close$85,101$48,000$48,000