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$445,314$445,314$486,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$40,686$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%6.893%7.560%
1st payment$2,841.42$2,841.42$3,338.48
2nd payment$0.00$305.14$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$213.76$213.76$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,671.85$3,976.99$4,052.35
Cash to close$94,686$54,000$54,000