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$446,459$446,459$522,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$75,541$0
Funding fee$0$0$0
Note rate6.670%6.670%7.320%
Blended rate7.220%7.478%7.560%
1st payment$2,906.19$2,906.19$3,585.78
2nd payment$0.00$566.56$0.00
Taxes / mo$328.92$328.92$328.92
Insurance / mo$166.67$166.67$166.67
MI / mo$207.06$207.06$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,608.83$4,175.39$4,185.76
Cash to close$133,541$58,000$58,000