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$434,699$434,699$449,100
Remaining term (yrs)29.729.730.0
Secondary amount$0$39,351$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.040%7.441%7.560%
1st payment$2,749.73$2,749.73$3,085.01
2nd payment$0.00$389.41$0.00
Taxes / mo$244.72$244.72$244.72
Insurance / mo$166.67$166.67$166.67
MI / mo$199.60$199.60$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,360.72$3,750.13$3,586.21
Cash to close$64,301$24,950$49,900