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$450,996$450,996$512,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$61,914$0
Funding fee$0$0$0
Note rate7.230%7.230%7.400%
Blended rate7.780%7.927%7.640%
1st payment$3,169.95$3,169.95$3,551.29
2nd payment$0.00$464.35$0.00
Taxes / mo$521.00$521.00$521.00
Insurance / mo$166.67$166.67$166.67
MI / mo$213.40$213.40$102.58
HOA / mo$100.00$100.00$100.00
Total monthly$4,171.02$4,635.38$4,441.53
Cash to close$118,904$56,990$56,990