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$445,770$445,770$449,999
Remaining term (yrs)28.428.430.0
Secondary amount$0$29,229$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.694%7.640%
1st payment$2,971.39$2,971.39$3,115.70
2nd payment$0.00$289.24$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$207.42$207.42$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,762.14$4,051.38$3,789.04
Cash to close$54,229$25,000$50,000