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$431,452$431,452$449,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$42,598$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.775%7.640%
1st payment$2,892.83$2,892.83$3,109.48
2nd payment$0.00$421.54$0.00
Taxes / mo$182.75$182.75$182.75
Insurance / mo$166.67$166.67$166.67
MI / mo$202.96$202.96$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,445.21$3,866.75$3,548.71
Cash to close$67,548$24,950$49,900