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$401,255$401,255$414,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$35,745$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.683%7.640%
1st payment$2,645.64$2,645.64$2,866.45
2nd payment$0.00$353.73$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$166.67$166.67$166.67
MI / mo$186.76$186.76$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,131.73$3,485.46$3,248.59
Cash to close$58,745$23,000$46,000