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$414,806$414,806$440,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,104$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.260%7.560%
1st payment$2,727.85$2,727.85$3,028.75
2nd payment$0.00$195.78$0.00
Taxes / mo$138.83$138.83$138.83
Insurance / mo$166.67$166.67$166.67
MI / mo$195.76$195.76$88.18
HOA / mo$33.33$33.33$33.33
Total monthly$3,262.44$3,458.22$3,455.76
Cash to close$75,094$48,990$48,990