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$404,431$404,431$449,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$44,669$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.649%7.560%
1st payment$2,737.90$2,737.90$3,085.01
2nd payment$0.00$335.02$0.00
Taxes / mo$207.33$207.33$207.33
Insurance / mo$166.67$166.67$166.67
MI / mo$189.57$189.57$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,301.48$3,636.49$3,548.83
Cash to close$94,569$49,900$49,900