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$440,687$440,687$553,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$112,813$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.347%7.640%
1st payment$2,868.15$2,868.15$3,832.32
2nd payment$0.00$752.09$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$205.20$205.20$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,752.51$4,504.60$4,622.19
Cash to close$174,313$61,500$61,500