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$478,883$478,883$522,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$43,117$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.404%7.640%
1st payment$3,207.36$3,207.36$3,614.22
2nd payment$0.00$323.38$0.00
Taxes / mo$218.67$218.67$218.67
Insurance / mo$166.67$166.67$166.67
MI / mo$227.58$227.58$104.40
HOA / mo$58.67$58.67$58.67
Total monthly$3,878.94$4,202.32$4,162.63
Cash to close$101,117$58,000$58,000