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$450,502$450,502$481,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$30,998$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.035%7.640%
1st payment$2,917.12$2,917.12$3,333.81
2nd payment$0.00$232.49$0.00
Taxes / mo$259.25$259.25$259.25
Insurance / mo$166.67$166.67$166.67
MI / mo$214.87$214.87$96.30
HOA / mo$75.00$75.00$75.00
Total monthly$3,632.91$3,865.40$3,931.03
Cash to close$84,498$53,500$53,500