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$453,025$453,025$486,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,975$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.546%7.560%
1st payment$3,025.71$3,025.71$3,338.48
2nd payment$0.00$247.32$0.00
Taxes / mo$146.00$146.00$146.00
Insurance / mo$166.67$166.67$166.67
MI / mo$210.78$210.78$97.20
HOA / mo$80.00$80.00$80.00
Total monthly$3,629.16$3,876.48$3,828.35
Cash to close$86,975$54,000$54,000