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$415,700$415,700$418,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,050$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.297%7.640%
1st payment$2,676.11$2,676.11$2,897.61
2nd payment$0.00$257.79$0.00
Taxes / mo$185.42$185.42$185.42
Insurance / mo$166.67$166.67$166.67
MI / mo$194.86$194.86$83.70
HOA / mo$50.00$50.00$50.00
Total monthly$3,273.05$3,530.84$3,383.39
Cash to close$49,300$23,250$46,500