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$402,463$402,463$409,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$29,787$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.578%7.560%
1st payment$2,695.53$2,695.53$2,812.98
2nd payment$0.00$294.77$0.00
Taxes / mo$183.67$183.67$183.67
Insurance / mo$166.67$166.67$166.67
MI / mo$191.26$191.26$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,237.12$3,531.89$3,245.21
Cash to close$52,537$22,750$45,500