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$457,818$457,818$486,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$28,182$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.719%7.640%
1st payment$3,166.20$3,166.20$3,364.97
2nd payment$0.00$211.36$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$216.16$216.16$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,999.02$4,210.38$4,078.83
Cash to close$82,182$54,000$54,000