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$433,641$433,641$522,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$88,359$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.289%7.640%
1st payment$2,822.25$2,822.25$3,614.22
2nd payment$0.00$662.69$0.00
Taxes / mo$593.00$593.00$593.00
Insurance / mo$166.67$166.67$166.67
MI / mo$207.01$207.01$104.40
HOA / mo$44.00$44.00$44.00
Total monthly$3,832.93$4,495.63$4,522.29
Cash to close$146,359$58,000$58,000