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$444,305$444,305$490,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$46,195$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.889%7.640%
1st payment$2,823.10$2,823.10$3,396.12
2nd payment$0.00$346.46$0.00
Taxes / mo$400.42$400.42$400.42
Insurance / mo$166.67$166.67$166.67
MI / mo$213.07$213.07$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,603.25$3,949.71$4,061.31
Cash to close$100,695$54,500$54,500