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$473,464$473,464$517,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$44,036$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.021%7.640%
1st payment$3,309.13$3,309.13$3,583.07
2nd payment$0.00$330.27$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$349.49$349.49$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,304.46$4,634.73$4,332.40
Cash to close$101,536$57,500$57,500