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$425,570$425,570$427,410
Remaining term (yrs)28.228.230.0
Secondary amount$0$25,585$0
Funding fee$0$0$0
Note rate6.260%6.260%7.240%
Blended rate6.810%7.097%7.480%
1st payment$2,679.23$2,679.23$2,912.79
2nd payment$0.00$253.18$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$166.67$166.67$166.67
MI / mo$196.90$196.90$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,158.88$3,412.07$3,281.02
Cash to close$49,330$23,745$47,490