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$442,249$442,249$485,910
Remaining term (yrs)28.728.730.0
Secondary amount$0$43,661$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.580%7.640%
1st payment$2,945.56$2,945.56$3,364.34
2nd payment$0.00$327.46$0.00
Taxes / mo$249.50$249.50$249.50
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$97.18
HOA / mo$2.75$2.75$2.75
Total monthly$3,569.67$3,897.13$3,880.44
Cash to close$97,651$53,990$53,990