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$453,773$453,773$566,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$113,137$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.272%7.560%
1st payment$2,996.55$2,996.55$3,894.28
2nd payment$0.00$754.25$0.00
Taxes / mo$337.08$337.08$337.08
Insurance / mo$166.67$166.67$166.67
MI / mo$216.39$216.39$113.38
HOA / mo$80.00$80.00$80.00
Total monthly$3,796.69$4,550.94$4,591.41
Cash to close$176,127$62,990$62,990