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$448,780$448,780$463,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$40,470$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.807%7.640%
1st payment$3,017.50$3,017.50$3,209.18
2nd payment$0.00$400.49$0.00
Taxes / mo$155.08$155.08$155.08
Insurance / mo$166.67$166.67$166.67
MI / mo$210.21$210.21$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,549.46$3,949.95$3,623.63
Cash to close$66,220$25,750$51,500