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$407,884$407,884$517,499
Remaining term (yrs)25.925.930.0
Secondary amount$0$109,616$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.739%7.640%
1st payment$2,468.91$2,468.91$3,583.06
2nd payment$0.00$730.77$0.00
Taxes / mo$285.00$285.00$285.00
Insurance / mo$166.67$166.67$166.67
MI / mo$306.31$306.31$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,226.89$3,957.66$4,138.23
Cash to close$167,115$57,500$57,500