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$446,479$446,479$490,410
Remaining term (yrs)29.629.630.0
Secondary amount$0$43,931$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.225%7.560%
1st payment$2,829.77$2,829.77$3,368.78
2nd payment$0.00$329.48$0.00
Taxes / mo$356.58$356.58$356.58
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$98.08
HOA / mo$0.00$0.00$0.00
Total monthly$3,558.21$3,887.70$3,990.11
Cash to close$98,421$54,490$54,490