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$454,729$454,729$481,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,771$0
Funding fee$0$0$0
Note rate7.170%7.170%7.320%
Blended rate7.720%7.791%7.560%
1st payment$3,156.37$3,156.37$3,307.57
2nd payment$0.00$200.78$0.00
Taxes / mo$121.30$121.30$121.30
Insurance / mo$166.67$166.67$166.67
MI / mo$213.76$213.76$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,658.11$3,858.89$3,691.84
Cash to close$80,271$53,500$53,500