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$438,018$438,018$440,999
Remaining term (yrs)25.725.730.0
Secondary amount$0$27,481$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.422%7.640%
1st payment$2,578.79$2,578.79$3,053.39
2nd payment$0.00$271.95$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$331.54$331.54$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,485.33$3,757.28$3,716.59
Cash to close$51,981$24,500$49,000