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$456,371$456,371$805,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$349,129$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.506%7.640%
1st payment$3,032.73$3,032.73$5,577.12
2nd payment$0.00$2,254.79$0.00
Taxes / mo$745.83$745.83$745.83
Insurance / mo$216.67$216.67$216.67
MI / mo$213.87$213.87$161.10
HOA / mo$388.00$388.00$388.00
Total monthly$4,597.10$6,851.89$7,088.72
Cash to close$438,629$89,500$89,500