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$443,735$443,735$504,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$60,265$0
Funding fee$0$0$0
Note rate5.270%5.270%7.400%
Blended rate6.120%6.464%7.640%
1st payment$2,615.12$2,615.12$3,489.59
2nd payment$0.00$451.99$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$334.70$334.70$100.80
HOA / mo$155.00$155.00$155.00
Total monthly$3,738.15$4,190.14$4,378.73
Cash to close$116,265$56,000$56,000