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$444,503$444,503$467,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$48,547$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.530%7.056%7.640%
1st payment$2,672.80$2,672.80$3,234.11
2nd payment$0.00$480.41$0.00
Taxes / mo$79.17$79.17$79.17
Insurance / mo$166.67$166.67$166.67
MI / mo$204.76$204.76$93.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,123.40$3,603.80$3,573.36
Cash to close$74,497$25,950$51,900