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$449,428$449,428$549,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$99,572$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.772%7.560%
1st payment$3,022.30$3,022.30$3,771.25
2nd payment$0.00$746.79$0.00
Taxes / mo$483.75$483.75$483.75
Insurance / mo$166.67$166.67$166.67
MI / mo$209.26$209.26$109.80
HOA / mo$41.67$41.67$41.67
Total monthly$3,923.65$4,670.44$4,573.14
Cash to close$160,572$61,000$61,000