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$446,271$446,271$463,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$42,979$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.893%7.640%
1st payment$3,057.89$3,057.89$3,209.18
2nd payment$0.00$425.31$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$211.51$211.51$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,865.24$4,290.55$3,897.71
Cash to close$68,729$25,750$51,500