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$412,661$412,661$450,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$37,339$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.030%7.193%7.640%
1st payment$2,718.85$2,718.85$3,115.71
2nd payment$0.00$280.04$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$197.56$197.56$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,499.75$3,779.79$3,789.04
Cash to close$87,339$50,000$50,000