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$414,803$414,803$521,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$106,297$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.124%7.640%
1st payment$2,608.47$2,608.47$3,607.99
2nd payment$0.00$708.65$0.00
Taxes / mo$176.83$176.83$176.83
Insurance / mo$166.67$166.67$166.67
MI / mo$192.14$192.14$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,144.11$3,852.76$4,055.71
Cash to close$164,197$57,900$57,900