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$438,272$438,272$476,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$37,828$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.210%7.352%7.560%
1st payment$2,899.13$2,899.13$3,270.48
2nd payment$0.00$283.71$0.00
Taxes / mo$459.17$459.17$459.17
Insurance / mo$166.67$166.67$166.67
MI / mo$206.77$206.77$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,731.73$4,015.44$3,991.53
Cash to close$90,728$52,900$52,900