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$423,867$423,867$517,499
Remaining term (yrs)26.626.630.0
Secondary amount$0$93,632$0
Funding fee$0$0$0
Note rate6.280%6.280%7.240%
Blended rate6.830%7.223%7.480%
1st payment$2,729.17$2,729.17$3,526.75
2nd payment$0.00$702.24$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,577.51$4,279.75$4,276.08
Cash to close$151,132$57,500$57,500