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$473,930$473,930$584,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$110,170$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.172%7.640%
1st payment$3,096.49$3,096.49$4,044.19
2nd payment$0.00$734.47$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$226.18$226.18$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,030.17$4,764.64$4,868.51
Cash to close$175,070$64,900$64,900