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$450,728$450,728$517,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$66,772$0
Funding fee$0$0$0
Note rate6.270%6.270%7.320%
Blended rate6.820%7.101%7.560%
1st payment$2,909.87$2,909.87$3,554.87
2nd payment$0.00$500.79$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$216.15$216.15$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,771.86$4,272.65$4,304.20
Cash to close$124,272$57,500$57,500