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$439,781$439,781$450,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$35,219$0
Funding fee$0$0$0
Note rate6.490%6.490%7.320%
Blended rate7.040%7.398%7.560%
1st payment$2,839.64$2,839.64$3,091.19
2nd payment$0.00$348.52$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$206.13$206.13$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,629.10$3,977.62$3,764.52
Cash to close$60,219$25,000$50,000