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$453,010$453,010$468,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$40,990$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate6.880%7.294%7.640%
1st payment$2,941.72$2,941.72$3,240.34
2nd payment$0.00$405.63$0.00
Taxes / mo$348.58$348.58$348.58
Insurance / mo$166.67$166.67$166.67
MI / mo$217.14$217.14$93.60
HOA / mo$60.00$60.00$60.00
Total monthly$3,734.11$4,139.74$3,909.19
Cash to close$66,990$26,000$52,000