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$413,143$413,143$418,499
Remaining term (yrs)29.429.430.0
Secondary amount$0$28,606$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%6.998%7.640%
1st payment$2,518.69$2,518.69$2,897.60
2nd payment$0.00$283.08$0.00
Taxes / mo$196.00$196.00$196.00
Insurance / mo$166.67$166.67$166.67
MI / mo$190.29$190.29$83.70
HOA / mo$25.00$25.00$25.00
Total monthly$3,096.65$3,379.74$3,368.97
Cash to close$51,856$23,250$46,500