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$395,989$395,989$450,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$54,011$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.478%7.640%
1st payment$2,603.06$2,603.06$3,115.71
2nd payment$0.00$405.08$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$184.51$184.51$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,370.90$3,775.98$3,789.04
Cash to close$104,011$50,000$50,000