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$442,421$442,421$553,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$111,079$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.361%7.640%
1st payment$2,956.05$2,956.05$3,832.32
2nd payment$0.00$740.53$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$211.05$211.05$110.70
HOA / mo$135.00$135.00$135.00
Total monthly$3,981.26$4,721.79$4,757.19
Cash to close$172,579$61,500$61,500