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$414,738$414,738$436,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$46,012$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.946%7.640%
1st payment$2,841.82$2,841.82$3,022.24
2nd payment$0.00$455.33$0.00
Taxes / mo$221.50$221.50$221.50
Insurance / mo$166.67$166.67$166.67
MI / mo$196.57$196.57$87.30
HOA / mo$12.50$12.50$12.50
Total monthly$3,439.06$3,894.39$3,510.20
Cash to close$70,262$24,250$48,500