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$424,488$424,488$472,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$48,012$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.419%7.640%
1st payment$2,837.58$2,837.58$3,271.49
2nd payment$0.00$360.09$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$201.76$201.76$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,643.51$4,003.59$3,970.16
Cash to close$100,512$52,500$52,500