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$405,451$405,451$472,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$67,049$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.198%7.640%
1st payment$2,581.46$2,581.46$3,271.49
2nd payment$0.00$502.87$0.00
Taxes / mo$314.17$314.17$314.17
Insurance / mo$166.67$166.67$166.67
MI / mo$190.15$190.15$94.50
HOA / mo$75.00$75.00$75.00
Total monthly$3,327.44$3,830.31$3,921.83
Cash to close$119,549$52,500$52,500