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$465,412$465,412$646,200
Remaining term (yrs)27.727.730.0
Secondary amount$0$180,788$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.719%7.640%
1st payment$3,187.48$3,187.48$4,474.16
2nd payment$0.00$1,205.25$0.00
Taxes / mo$141.08$141.08$141.08
Insurance / mo$216.67$216.67$216.67
MI / mo$218.27$218.27$129.24
HOA / mo$0.00$0.00$0.00
Total monthly$3,763.50$4,968.75$4,961.15
Cash to close$252,588$71,800$71,800