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$463,561$463,561$539,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$75,539$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%7.031%7.640%
1st payment$2,843.83$2,843.83$3,732.62
2nd payment$0.00$566.54$0.00
Taxes / mo$52.16$52.16$52.16
Insurance / mo$166.67$166.67$166.67
MI / mo$213.72$213.72$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,276.38$3,842.92$4,059.26
Cash to close$135,439$59,900$59,900