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$410,918$410,918$445,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$34,582$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.616%7.640%
1st payment$2,781.82$2,781.82$3,084.55
2nd payment$0.00$259.37$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$192.61$192.61$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$3,553.60$3,812.96$3,752.82
Cash to close$84,082$49,500$49,500