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$441,528$441,528$476,910
Remaining term (yrs)27.827.830.0
Secondary amount$0$35,382$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.556%7.560%
1st payment$2,971.67$2,971.67$3,276.04
2nd payment$0.00$265.36$0.00
Taxes / mo$185.92$185.92$185.92
Insurance / mo$166.67$166.67$166.67
MI / mo$207.01$207.01$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,531.26$3,796.63$3,724.01
Cash to close$88,372$52,990$52,990