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$468,372$468,372$539,999
Remaining term (yrs)27.127.130.0
Secondary amount$0$71,627$0
Funding fee$0$0$0
Note rate7.620%7.620%7.320%
Blended rate8.170%8.280%7.560%
1st payment$3,403.71$3,403.71$3,709.42
2nd payment$0.00$537.20$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$220.52$220.52$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,290.89$4,828.10$4,484.08
Cash to close$131,627$60,000$60,000