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$450,889$450,889$567,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$116,111$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.435%7.640%
1st payment$2,999.69$2,999.69$3,925.79
2nd payment$0.00$774.08$0.00
Taxes / mo$363.25$363.25$363.25
Insurance / mo$166.67$166.67$166.67
MI / mo$212.19$212.19$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,741.79$4,515.87$4,569.11
Cash to close$179,111$63,000$63,000