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$431,664$431,664$521,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$89,436$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.716%7.640%
1st payment$2,919.73$2,919.73$3,607.99
2nd payment$0.00$670.77$0.00
Taxes / mo$482.50$482.50$482.50
Insurance / mo$166.67$166.67$166.67
MI / mo$203.19$203.19$104.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,772.09$4,442.86$4,361.38
Cash to close$147,336$57,900$57,900