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$463,059$463,059$495,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$31,941$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.466%7.640%
1st payment$3,065.44$3,065.44$3,427.28
2nd payment$0.00$239.56$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$215.29$215.29$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,905.74$4,145.29$4,151.28
Cash to close$86,941$55,000$55,000