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$393,379$393,379$431,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$38,531$0
Funding fee$0$0$0
Note rate6.920%6.920%7.240%
Blended rate7.470%7.606%7.480%
1st payment$2,655.33$2,655.33$2,943.46
2nd payment$0.00$288.99$0.00
Taxes / mo$399.92$399.92$399.92
Insurance / mo$166.67$166.67$166.67
MI / mo$184.42$184.42$86.38
HOA / mo$177.00$177.00$177.00
Total monthly$3,583.33$3,872.32$3,773.42
Cash to close$86,521$47,990$47,990