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$457,630$457,630$562,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$104,870$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%7.992%7.640%
1st payment$3,267.61$3,267.61$3,894.64
2nd payment$0.00$699.13$0.00
Taxes / mo$206.92$206.92$206.92
Insurance / mo$166.67$166.67$166.67
MI / mo$215.46$215.46$112.50
HOA / mo$10.00$10.00$10.00
Total monthly$3,866.65$4,565.78$4,390.72
Cash to close$167,370$62,500$62,500