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$447,417$447,417$472,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$25,083$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.060%6.216%7.640%
1st payment$2,678.40$2,678.40$3,271.49
2nd payment$0.00$188.12$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$215.97$215.97$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,498.54$3,686.66$3,970.16
Cash to close$77,583$52,500$52,500