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$432,292$432,292$494,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$61,808$0
Funding fee$0$0$0
Note rate6.010%6.010%7.320%
Blended rate6.560%6.865%7.560%
1st payment$2,607.67$2,607.67$3,394.12
2nd payment$0.00$463.56$0.00
Taxes / mo$509.83$509.83$509.83
Insurance / mo$166.67$166.67$166.67
MI / mo$199.13$199.13$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,483.31$3,946.87$4,169.44
Cash to close$116,708$54,900$54,900