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$434,955$434,955$445,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$35,295$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.653%7.560%
1st payment$2,862.39$2,862.39$3,060.28
2nd payment$0.00$349.28$0.00
Taxes / mo$241.92$241.92$241.92
Insurance / mo$166.67$166.67$166.67
MI / mo$202.06$202.06$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,473.03$3,822.31$3,557.96
Cash to close$60,045$24,750$49,500