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$455,912$455,912$481,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$25,588$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%6.983%7.640%
1st payment$2,950.54$2,950.54$3,333.81
2nd payment$0.00$191.91$0.00
Taxes / mo$622.08$622.08$622.08
Insurance / mo$166.67$166.67$166.67
MI / mo$218.02$218.02$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,957.31$4,149.22$4,218.86
Cash to close$79,088$53,500$53,500