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$447,039$447,039$472,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$25,461$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.534%7.640%
1st payment$3,045.72$3,045.72$3,271.49
2nd payment$0.00$190.96$0.00
Taxes / mo$455.33$455.33$455.33
Insurance / mo$166.67$166.67$166.67
MI / mo$211.96$211.96$94.50
HOA / mo$66.67$66.67$66.67
Total monthly$3,946.34$4,137.30$4,054.66
Cash to close$77,961$52,500$52,500