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$397,507$397,507$427,491
Remaining term (yrs)22.922.930.0
Secondary amount$0$29,984$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.401%7.640%
1st payment$2,834.94$2,834.94$2,959.86
2nd payment$0.00$224.88$0.00
Taxes / mo$269.83$269.83$269.83
Insurance / mo$166.67$166.67$166.67
MI / mo$188.41$188.41$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,459.85$3,684.73$3,481.86
Cash to close$77,483$47,499$47,499