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$429,425$429,425$463,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$34,075$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.397%7.640%
1st payment$2,809.40$2,809.40$3,209.18
2nd payment$0.00$255.57$0.00
Taxes / mo$223.50$223.50$223.50
Insurance / mo$166.67$166.67$166.67
MI / mo$199.14$199.14$92.70
HOA / mo$10.00$10.00$10.00
Total monthly$3,408.70$3,664.27$3,702.05
Cash to close$85,575$51,500$51,500