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$429,435$429,435$481,410
Remaining term (yrs)27.327.330.0
Secondary amount$0$51,975$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.170%7.368%7.560%
1st payment$2,832.62$2,832.62$3,306.95
2nd payment$0.00$389.81$0.00
Taxes / mo$140.25$140.25$140.25
Insurance / mo$166.67$166.67$166.67
MI / mo$202.86$202.86$96.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,342.40$3,732.21$3,710.15
Cash to close$105,465$53,490$53,490