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$462,528$462,528$472,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$36,222$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.048%7.640%
1st payment$2,873.79$2,873.79$3,271.49
2nd payment$0.00$358.44$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$216.89$216.89$94.50
HOA / mo$327.00$327.00$327.00
Total monthly$4,021.85$4,380.29$4,297.16
Cash to close$62,472$26,250$52,500