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$452,921$452,921$571,410
Remaining term (yrs)26.626.630.0
Secondary amount$0$118,489$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.192%7.560%
1st payment$2,959.22$2,959.22$3,925.19
2nd payment$0.00$789.93$0.00
Taxes / mo$636.17$636.17$636.17
Insurance / mo$166.67$166.67$166.67
MI / mo$216.16$216.16$114.28
HOA / mo$0.00$0.00$0.00
Total monthly$3,978.21$4,768.14$4,842.31
Cash to close$181,979$63,490$63,490