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$414,521$414,521$449,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$34,579$0
Funding fee$0$0$0
Note rate6.670%6.670%7.240%
Blended rate7.220%7.357%7.480%
1st payment$2,747.62$2,747.62$3,060.61
2nd payment$0.00$259.34$0.00
Taxes / mo$152.83$152.83$152.83
Insurance / mo$166.67$166.67$166.67
MI / mo$195.76$195.76$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,262.88$3,522.22$3,469.93
Cash to close$84,479$49,900$49,900