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$457,050$457,050$486,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$28,950$0
Funding fee$0$0$0
Note rate7.200%7.200%7.320%
Blended rate7.750%7.824%7.560%
1st payment$3,197.09$3,197.09$3,338.48
2nd payment$0.00$217.13$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$215.88$215.88$97.20
HOA / mo$170.00$170.00$170.00
Total monthly$4,199.63$4,416.76$4,222.35
Cash to close$82,950$54,000$54,000