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$433,621$433,621$472,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$38,879$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.284%7.560%
1st payment$2,797.08$2,797.08$3,245.75
2nd payment$0.00$291.60$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$201.15$201.15$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,602.40$3,893.99$3,944.41
Cash to close$91,379$52,500$52,500