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$437,294$437,294$495,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$57,706$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.622%7.560%
1st payment$2,926.15$2,926.15$3,400.31
2nd payment$0.00$432.80$0.00
Taxes / mo$139.25$139.25$139.25
Insurance / mo$166.67$166.67$166.67
MI / mo$203.84$203.84$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,435.91$3,868.71$3,805.22
Cash to close$112,706$55,000$55,000