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$449,064$449,064$539,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$90,846$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.561%7.640%
1st payment$2,960.64$2,960.64$3,738.23
2nd payment$0.00$681.34$0.00
Taxes / mo$486.25$486.25$486.25
Insurance / mo$166.67$166.67$166.67
MI / mo$209.86$209.86$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$3,823.42$4,504.76$4,499.13
Cash to close$150,836$59,990$59,990