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$473,273$473,273$719,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$245,827$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.316%7.640%
1st payment$3,128.94$3,128.94$4,978.90
2nd payment$0.00$1,587.63$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$225.95$225.95$143.82
HOA / mo$203.00$203.00$203.00
Total monthly$4,440.38$6,028.01$6,208.22
Cash to close$325,727$79,900$79,900