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$441,415$441,415$481,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$40,085$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.286%7.560%
1st payment$2,847.36$2,847.36$3,307.57
2nd payment$0.00$300.64$0.00
Taxes / mo$673.08$673.08$673.08
Insurance / mo$166.67$166.67$166.67
MI / mo$204.76$204.76$96.30
HOA / mo$77.00$77.00$77.00
Total monthly$3,968.87$4,269.51$4,320.62
Cash to close$93,585$53,500$53,500