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$440,612$440,612$486,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$45,388$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.486%7.640%
1st payment$2,945.80$2,945.80$3,364.97
2nd payment$0.00$340.41$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$207.53$207.53$97.20
HOA / mo$350.00$350.00$350.00
Total monthly$4,120.00$4,460.41$4,428.83
Cash to close$99,388$54,000$54,000