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$471,207$471,207$472,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,448$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.429%7.640%
1st payment$3,104.83$3,104.83$3,270.87
2nd payment$0.00$271.62$0.00
Taxes / mo$334.08$334.08$334.08
Insurance / mo$166.67$166.67$166.67
MI / mo$222.36$222.36$94.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,827.93$4,099.55$3,866.10
Cash to close$53,693$26,245$52,490