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$400,311$400,311$787,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$387,099$0
Funding fee$0$0$0
Note rate7.000%7.000%7.320%
Blended rate7.550%7.648%7.560%
1st payment$2,733.86$2,733.86$5,408.96
2nd payment$0.00$2,500.01$0.00
Taxes / mo$305.75$305.75$305.75
Insurance / mo$216.67$216.67$216.67
MI / mo$190.12$190.12$157.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,446.40$5,946.42$6,088.86
Cash to close$474,589$87,490$87,490