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$424,585$424,585$450,699
Remaining term (yrs)29.429.430.0
Secondary amount$0$26,114$0
Funding fee$0$0$0
Note rate5.620%5.620%7.320%
Blended rate6.170%6.334%7.560%
1st payment$2,456.08$2,456.08$3,095.99
2nd payment$0.00$195.85$0.00
Taxes / mo$207.58$207.58$207.58
Insurance / mo$166.67$166.67$166.67
MI / mo$195.66$195.66$90.14
HOA / mo$0.00$0.00$0.00
Total monthly$3,025.99$3,221.84$3,560.38
Cash to close$76,192$50,078$50,078