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$442,297$442,297$539,910
Remaining term (yrs)27.627.630.0
Secondary amount$0$97,613$0
Funding fee$0$0$0
Note rate7.100%7.100%7.320%
Blended rate7.650%7.894%7.560%
1st payment$3,043.76$3,043.76$3,708.81
2nd payment$0.00$732.10$0.00
Taxes / mo$89.08$89.08$89.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.59$207.59$107.98
HOA / mo$153.00$153.00$153.00
Total monthly$3,660.10$4,392.20$4,225.54
Cash to close$157,603$59,990$59,990