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$471,550$471,550$490,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$46,200$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.417%7.560%
1st payment$3,077.34$3,077.34$3,369.39
2nd payment$0.00$457.19$0.00
Taxes / mo$428.67$428.67$428.67
Insurance / mo$166.67$166.67$166.67
MI / mo$224.78$224.78$98.10
HOA / mo$30.00$30.00$30.00
Total monthly$3,927.46$4,384.65$4,092.83
Cash to close$73,450$27,250$54,500