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$414,915$414,915$481,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$66,585$0
Funding fee$0$0$0
Note rate6.170%6.170%7.320%
Blended rate6.720%7.035%7.560%
1st payment$2,555.78$2,555.78$3,307.57
2nd payment$0.00$499.39$0.00
Taxes / mo$222.75$222.75$222.75
Insurance / mo$166.67$166.67$166.67
MI / mo$191.87$191.87$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,137.06$3,636.45$3,793.29
Cash to close$120,085$53,500$53,500