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$447,605$447,605$504,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$56,395$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.401%7.640%
1st payment$2,994.10$2,994.10$3,489.59
2nd payment$0.00$422.96$0.00
Taxes / mo$594.25$594.25$594.25
Insurance / mo$166.67$166.67$166.67
MI / mo$213.76$213.76$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,968.78$4,391.74$4,351.31
Cash to close$112,395$56,000$56,000