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$443,068$443,068$539,991
Remaining term (yrs)26.626.630.0
Secondary amount$0$96,923$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.310%7.560%
1st payment$2,883.61$2,883.61$3,709.36
2nd payment$0.00$726.92$0.00
Taxes / mo$132.33$132.33$132.33
Insurance / mo$166.67$166.67$166.67
MI / mo$211.51$211.51$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,394.12$4,121.04$4,116.36
Cash to close$156,922$59,999$59,999