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$396,466$396,466$405,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$31,034$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.400%7.640%
1st payment$2,508.20$2,508.20$2,804.14
2nd payment$0.00$307.10$0.00
Taxes / mo$220.50$220.50$220.50
Insurance / mo$150.00$150.00$150.00
MI / mo$181.88$181.88$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,060.58$3,367.69$3,255.64
Cash to close$53,534$22,500$45,000