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$428,211$428,211$463,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$35,289$0
Funding fee$0$0$0
Note rate5.300%5.300%7.320%
Blended rate6.150%6.367%7.560%
1st payment$2,531.30$2,531.30$3,183.92
2nd payment$0.00$264.67$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$322.89$322.89$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,450.02$3,714.69$3,872.46
Cash to close$86,789$51,500$51,500