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$447,993$447,993$494,654
Remaining term (yrs)26.126.130.0
Secondary amount$0$46,660$0
Funding fee$0$0$0
Note rate7.080%7.080%7.320%
Blended rate7.930%8.031%7.560%
1st payment$3,134.53$3,134.53$3,397.93
2nd payment$0.00$349.95$0.00
Taxes / mo$306.00$306.00$306.00
Insurance / mo$166.67$166.67$166.67
MI / mo$331.05$331.05$98.93
HOA / mo$0.00$0.00$0.00
Total monthly$3,938.24$4,288.20$3,969.52
Cash to close$101,622$54,962$54,962