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$433,249$433,249$485,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$52,661$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.475%7.640%
1st payment$2,842.78$2,842.78$3,364.34
2nd payment$0.00$394.96$0.00
Taxes / mo$397.45$397.45$397.45
Insurance / mo$166.67$166.67$166.67
MI / mo$201.09$201.09$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,608.00$4,002.95$4,025.65
Cash to close$106,651$53,990$53,990