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$429,029$429,029$449,999
Remaining term (yrs)28.228.230.0
Secondary amount$0$45,970$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.147%7.640%
1st payment$2,651.59$2,651.59$3,115.70
2nd payment$0.00$454.91$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$200.76$200.76$90.00
HOA / mo$120.00$120.00$120.00
Total monthly$3,555.69$4,010.60$3,909.04
Cash to close$70,970$25,000$50,000