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$439,964$439,964$449,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,086$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%6.933%7.640%
1st payment$2,706.96$2,706.96$3,109.48
2nd payment$0.00$337.31$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$330.36$330.36$89.82
HOA / mo$65.00$65.00$65.00
Total monthly$3,684.83$4,022.14$3,846.80
Cash to close$59,036$24,950$49,900