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$467,729$467,729$540,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$72,271$0
Funding fee$0$0$0
Note rate6.960%6.960%7.320%
Blended rate7.510%7.709%7.560%
1st payment$3,151.39$3,151.39$3,709.43
2nd payment$0.00$542.04$0.00
Taxes / mo$364.13$364.13$364.13
Insurance / mo$166.67$166.67$166.67
MI / mo$217.98$217.98$108.00
HOA / mo$41.25$41.25$41.25
Total monthly$3,941.42$4,483.45$4,389.47
Cash to close$132,271$60,000$60,000