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$475,886$475,886$526,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$50,614$0
Funding fee$0$0$0
Note rate6.830%6.830%7.400%
Blended rate7.380%7.536%7.640%
1st payment$3,388.50$3,388.50$3,645.38
2nd payment$0.00$379.61$0.00
Taxes / mo$167.75$167.75$167.75
Insurance / mo$166.67$166.67$166.67
MI / mo$223.15$223.15$105.30
HOA / mo$30.00$30.00$30.00
Total monthly$3,976.06$4,355.67$4,115.10
Cash to close$109,114$58,500$58,500