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$417,383$417,383$440,550
Remaining term (yrs)26.926.930.0
Secondary amount$0$47,642$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.823%7.640%
1st payment$2,819.33$2,819.33$3,050.28
2nd payment$0.00$471.46$0.00
Taxes / mo$284.17$284.17$284.17
Insurance / mo$166.67$166.67$166.67
MI / mo$198.01$198.01$88.11
HOA / mo$28.75$28.75$28.75
Total monthly$3,496.92$3,968.38$3,617.97
Cash to close$72,117$24,475$48,950