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$399,157$399,157$404,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$27,393$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.566%7.640%
1st payment$2,631.61$2,631.61$2,797.91
2nd payment$0.00$271.07$0.00
Taxes / mo$201.33$201.33$201.33
Insurance / mo$150.00$150.00$150.00
MI / mo$186.54$186.54$80.82
HOA / mo$161.00$161.00$161.00
Total monthly$3,330.48$3,601.55$3,391.06
Cash to close$49,843$22,450$44,900