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$442,079$442,079$476,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$34,831$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.387%7.560%
1st payment$2,957.60$2,957.60$3,276.04
2nd payment$0.00$261.23$0.00
Taxes / mo$508.92$508.92$508.92
Insurance / mo$166.67$166.67$166.67
MI / mo$209.86$209.86$95.38
HOA / mo$56.00$56.00$56.00
Total monthly$3,899.05$4,160.28$4,103.01
Cash to close$87,821$52,990$52,990