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$429,603$429,603$440,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$35,896$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.717%7.640%
1st payment$2,886.35$2,886.35$3,053.39
2nd payment$0.00$355.22$0.00
Taxes / mo$241.58$241.58$241.58
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$88.20
HOA / mo$65.00$65.00$65.00
Total monthly$3,562.11$3,917.33$3,614.84
Cash to close$60,396$24,500$49,000