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$445,766$445,766$486,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$40,234$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.468%7.640%
1st payment$3,002.40$3,002.40$3,364.97
2nd payment$0.00$301.75$0.00
Taxes / mo$411.75$411.75$411.75
Insurance / mo$166.67$166.67$166.67
MI / mo$211.51$211.51$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,792.34$4,094.09$4,040.58
Cash to close$94,234$54,000$54,000