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$413,250$413,250$450,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$36,750$0
Funding fee$0$0$0
Note rate6.000%6.000%7.400%
Blended rate6.550%6.750%7.640%
1st payment$2,490.16$2,490.16$3,115.71
2nd payment$0.00$275.63$0.00
Taxes / mo$144.67$144.67$144.67
Insurance / mo$166.67$166.67$166.67
MI / mo$190.36$190.36$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,991.86$3,267.48$3,517.04
Cash to close$86,750$50,000$50,000