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$447,917$447,917$450,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$27,083$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.938%7.640%
1st payment$2,724.93$2,724.93$3,115.71
2nd payment$0.00$268.01$0.00
Taxes / mo$443.83$443.83$443.83
Insurance / mo$166.67$166.67$166.67
MI / mo$206.32$206.32$90.00
HOA / mo$194.00$194.00$194.00
Total monthly$3,735.75$4,003.75$4,010.21
Cash to close$52,083$25,000$50,000