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$420,075$420,075$572,220
Remaining term (yrs)27.227.230.0
Secondary amount$0$152,145$0
Funding fee$0$0$0
Note rate7.030%7.030%7.240%
Blended rate7.580%7.692%7.480%
1st payment$2,885.73$2,885.73$3,899.67
2nd payment$0.00$1,014.30$0.00
Taxes / mo$529.83$529.83$529.83
Insurance / mo$166.67$166.67$166.67
MI / mo$198.20$198.20$114.44
HOA / mo$117.00$117.00$117.00
Total monthly$3,897.43$4,911.74$4,827.61
Cash to close$215,725$63,580$63,580