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$440,425$440,425$454,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$39,325$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.767%7.560%
1st payment$2,946.89$2,946.89$3,122.10
2nd payment$0.00$389.15$0.00
Taxes / mo$420.83$420.83$420.83
Insurance / mo$166.67$166.67$166.67
MI / mo$206.13$206.13$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,740.52$4,129.67$3,800.50
Cash to close$64,575$25,250$50,500