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$445,493$445,493$476,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,607$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.035%7.640%
1st payment$2,836.40$2,836.40$3,296.42
2nd payment$0.00$229.55$0.00
Taxes / mo$184.92$184.92$184.92
Insurance / mo$166.67$166.67$166.67
MI / mo$208.93$208.93$95.22
HOA / mo$35.42$35.42$35.42
Total monthly$3,432.33$3,661.88$3,778.64
Cash to close$83,507$52,900$52,900