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$456,725$456,725$485,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$28,375$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.296%7.640%
1st payment$2,975.52$2,975.52$3,358.73
2nd payment$0.00$212.81$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$212.66$212.66$97.02
HOA / mo$46.67$46.67$46.67
Total monthly$3,850.68$4,063.49$4,118.26
Cash to close$82,275$53,900$53,900