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$436,876$436,876$472,499
Remaining term (yrs)27.927.930.0
Secondary amount$0$35,624$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.040%7.188%7.560%
1st payment$2,820.88$2,820.88$3,245.74
2nd payment$0.00$267.18$0.00
Taxes / mo$965.47$965.47$965.47
Insurance / mo$166.67$166.67$166.67
MI / mo$204.76$204.76$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,157.78$4,424.96$4,472.38
Cash to close$88,123$52,500$52,500