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$416,485$416,485$530,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$114,425$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.255%7.560%
1st payment$2,675.42$2,675.42$3,646.98
2nd payment$0.00$762.83$0.00
Taxes / mo$193.25$193.25$193.25
Insurance / mo$166.67$166.67$166.67
MI / mo$194.00$194.00$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,229.34$3,992.17$4,113.08
Cash to close$173,415$58,990$58,990