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$445,043$445,043$526,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$81,457$0
Funding fee$0$0$0
Note rate6.110%6.110%7.240%
Blended rate6.960%7.276%7.480%
1st payment$2,839.38$2,839.38$3,588.09
2nd payment$0.00$610.93$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$331.54$331.54$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,825.08$4,436.01$4,347.55
Cash to close$139,957$58,500$58,500