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$426,119$426,119$525,996
Remaining term (yrs)25.925.930.0
Secondary amount$0$99,877$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.894%7.640%
1st payment$2,579.29$2,579.29$3,641.89
2nd payment$0.00$749.08$0.00
Taxes / mo$320.25$320.25$320.25
Insurance / mo$166.67$166.67$166.67
MI / mo$320.00$320.00$105.20
HOA / mo$45.42$45.42$45.42
Total monthly$3,431.63$4,180.71$4,279.43
Cash to close$158,321$58,444$58,444