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$424,810$424,810$512,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$88,100$0
Funding fee$0$0$0
Note rate6.940%6.940%7.320%
Blended rate7.490%7.749%7.560%
1st payment$2,875.89$2,875.89$3,523.34
2nd payment$0.00$660.75$0.00
Taxes / mo$603.00$603.00$603.00
Insurance / mo$166.67$166.67$166.67
MI / mo$199.33$199.33$102.58
HOA / mo$245.00$245.00$245.00
Total monthly$4,089.89$4,750.64$4,640.58
Cash to close$145,090$56,990$56,990