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$430,432$430,432$458,100
Remaining term (yrs)27.527.530.0
Secondary amount$0$27,668$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.440%7.560%
1st payment$2,877.58$2,877.58$3,146.83
2nd payment$0.00$207.51$0.00
Taxes / mo$113.75$113.75$113.75
Insurance / mo$166.67$166.67$166.67
MI / mo$202.51$202.51$91.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,360.51$3,568.02$3,518.87
Cash to close$78,568$50,900$50,900