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$449,760$449,760$490,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$40,740$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.249%7.640%
1st payment$2,912.59$2,912.59$3,396.12
2nd payment$0.00$305.55$0.00
Taxes / mo$537.00$537.00$537.00
Insurance / mo$166.67$166.67$166.67
MI / mo$210.33$210.33$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,826.58$4,132.13$4,197.89
Cash to close$95,240$54,500$54,500