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$432,731$432,731$513,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$80,269$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.709%7.640%
1st payment$2,920.97$2,920.97$3,551.91
2nd payment$0.00$602.02$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$166.67$166.67$166.67
MI / mo$202.86$202.86$102.60
HOA / mo$398.00$398.00$398.00
Total monthly$4,163.50$4,765.51$4,694.18
Cash to close$137,269$57,000$57,000