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$434,078$434,078$459,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$50,422$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.722%7.640%
1st payment$2,879.80$2,879.80$3,178.02
2nd payment$0.00$498.97$0.00
Taxes / mo$732.83$732.83$732.83
Insurance / mo$166.67$166.67$166.67
MI / mo$204.76$204.76$91.80
HOA / mo$39.33$39.33$39.33
Total monthly$4,023.39$4,522.36$4,208.65
Cash to close$75,922$25,500$51,000