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$444,038$444,038$481,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$37,462$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.524%7.560%
1st payment$2,959.60$2,959.60$3,307.57
2nd payment$0.00$280.96$0.00
Taxes / mo$192.58$192.58$192.58
Insurance / mo$166.67$166.67$166.67
MI / mo$207.01$207.01$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,525.86$3,806.82$3,763.12
Cash to close$90,962$53,500$53,500