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$450,456$450,456$463,392
Remaining term (yrs)26.426.430.0
Secondary amount$0$38,680$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.082%7.640%
1st payment$2,862.18$2,862.18$3,208.43
2nd payment$0.00$382.77$0.00
Taxes / mo$429.07$429.07$429.07
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$92.68
HOA / mo$352.00$352.00$352.00
Total monthly$4,025.93$4,408.70$4,248.84
Cash to close$64,424$25,744$51,488