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$442,273$442,273$472,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,227$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.465%7.640%
1st payment$2,987.45$2,987.45$3,271.49
2nd payment$0.00$226.70$0.00
Taxes / mo$286.50$286.50$286.50
Insurance / mo$166.67$166.67$166.67
MI / mo$209.82$209.82$94.50
HOA / mo$165.00$165.00$165.00
Total monthly$3,815.44$4,042.14$3,984.16
Cash to close$82,727$52,500$52,500