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$408,795$408,795$414,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$28,205$0
Funding fee$0$0$0
Note rate6.330%6.330%7.240%
Blended rate6.880%7.202%7.480%
1st payment$2,657.83$2,657.83$2,821.40
2nd payment$0.00$279.11$0.00
Taxes / mo$618.33$618.33$618.33
Insurance / mo$166.67$166.67$166.67
MI / mo$196.19$196.19$82.80
HOA / mo$36.67$36.67$36.67
Total monthly$3,675.69$3,954.80$3,725.87
Cash to close$51,205$23,000$46,000