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$450,594$450,594$530,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$80,316$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.608%7.640%
1st payment$3,043.66$3,043.66$3,675.91
2nd payment$0.00$602.37$0.00
Taxes / mo$491.58$491.58$491.58
Insurance / mo$166.67$166.67$166.67
MI / mo$213.76$213.76$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,915.68$4,518.04$4,440.35
Cash to close$139,306$58,990$58,990