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$433,418$433,418$450,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$41,582$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.336%7.640%
1st payment$2,809.82$2,809.82$3,115.71
2nd payment$0.00$411.49$0.00
Taxes / mo$189.42$189.42$189.42
Insurance / mo$166.67$166.67$166.67
MI / mo$206.97$206.97$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,372.88$3,784.37$3,561.79
Cash to close$66,582$25,000$50,000