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$458,738$458,738$629,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$170,362$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.366%7.640%
1st payment$2,950.63$2,950.63$4,355.76
2nd payment$0.00$1,135.75$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$212.19$212.19$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,911.99$5,047.74$5,230.75
Cash to close$240,262$69,900$69,900