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$405,100$405,100$450,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$44,900$0
Funding fee$0$0$0
Note rate5.890%5.890%7.320%
Blended rate6.740%6.965%7.560%
1st payment$2,536.13$2,536.13$3,091.19
2nd payment$0.00$336.75$0.00
Taxes / mo$720.67$720.67$720.67
Insurance / mo$166.67$166.67$166.67
MI / mo$303.20$303.20$90.00
HOA / mo$127.00$127.00$127.00
Total monthly$3,853.66$4,190.41$4,195.52
Cash to close$94,900$50,000$50,000