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$460,023$460,023$472,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,727$0
Funding fee$0$0$0
Note rate6.990%6.990%7.400%
Blended rate7.540%7.877%7.640%
1st payment$3,132.45$3,132.45$3,271.49
2nd payment$0.00$383.23$0.00
Taxes / mo$254.33$254.33$254.33
Insurance / mo$166.67$166.67$166.67
MI / mo$216.02$216.02$94.50
HOA / mo$81.33$81.33$81.33
Total monthly$3,850.79$4,234.02$3,868.32
Cash to close$64,977$26,250$52,500