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$439,638$439,638$472,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$32,862$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.856%7.640%
1st payment$3,030.58$3,030.58$3,271.49
2nd payment$0.00$246.47$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$325.28$325.28$94.50
HOA / mo$287.00$287.00$287.00
Total monthly$4,247.02$4,493.49$4,257.16
Cash to close$85,362$52,500$52,500