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$440,240$440,240$472,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$32,260$0
Funding fee$0$0$0
Note rate7.120%7.120%7.320%
Blended rate7.670%7.761%7.560%
1st payment$3,056.36$3,056.36$3,245.75
2nd payment$0.00$241.95$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$208.03$208.03$94.50
HOA / mo$157.00$157.00$157.00
Total monthly$4,025.55$4,267.51$4,101.41
Cash to close$84,760$52,500$52,500