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$393,963$393,963$444,609
Remaining term (yrs)29.029.030.0
Secondary amount$0$50,646$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.130%7.640%
1st payment$2,472.42$2,472.42$3,078.38
2nd payment$0.00$379.84$0.00
Taxes / mo$52.17$52.17$52.17
Insurance / mo$166.67$166.67$166.67
MI / mo$182.31$182.31$88.92
HOA / mo$130.00$130.00$130.00
Total monthly$3,003.56$3,383.40$3,516.14
Cash to close$100,047$49,401$49,401