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$450,238$450,238$495,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$44,762$0
Funding fee$0$0$0
Note rate7.200%7.200%7.400%
Blended rate7.750%7.863%7.640%
1st payment$3,149.44$3,149.44$3,427.28
2nd payment$0.00$335.72$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$212.66$212.66$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,987.10$4,322.81$4,151.28
Cash to close$99,762$55,000$55,000