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$413,114$413,114$503,955
Remaining term (yrs)26.326.330.0
Secondary amount$0$90,841$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate7.180%7.262%7.560%
1st payment$2,685.92$2,685.92$3,461.82
2nd payment$0.00$681.30$0.00
Taxes / mo$578.08$578.08$578.08
Insurance / mo$166.67$166.67$166.67
MI / mo$198.26$198.26$100.79
HOA / mo$0.00$0.00$0.00
Total monthly$3,628.93$4,310.23$4,307.36
Cash to close$146,836$55,995$55,995