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$448,035$448,035$504,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$55,965$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.018%7.640%
1st payment$2,757.83$2,757.83$3,489.59
2nd payment$0.00$419.74$0.00
Taxes / mo$173.42$173.42$173.42
Insurance / mo$166.67$166.67$166.67
MI / mo$205.94$205.94$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,303.85$3,723.59$3,930.48
Cash to close$111,965$56,000$56,000