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$448,423$448,423$466,200
Remaining term (yrs)27.427.430.0
Secondary amount$0$43,677$0
Funding fee$0$0$0
Note rate5.250%5.250%7.320%
Blended rate5.800%6.339%7.560%
1st payment$2,570.51$2,570.51$3,202.47
2nd payment$0.00$432.22$0.00
Taxes / mo$434.00$434.00$434.00
Insurance / mo$166.67$166.67$166.67
MI / mo$213.35$213.35$93.24
HOA / mo$0.00$0.00$0.00
Total monthly$3,384.53$3,816.75$3,896.38
Cash to close$69,577$25,900$51,800