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$467,469$467,469$553,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$86,031$0
Funding fee$0$0$0
Note rate5.120%5.120%7.400%
Blended rate5.670%6.188%7.640%
1st payment$2,574.71$2,574.71$3,832.32
2nd payment$0.00$645.23$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$166.67$166.67$166.67
MI / mo$216.85$216.85$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,047.24$3,692.47$4,198.69
Cash to close$147,531$61,500$61,500