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$462,332$462,332$764,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$302,578$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.285%7.560%
1st payment$3,013.68$3,013.68$5,254.40
2nd payment$0.00$1,954.15$0.00
Taxes / mo$729.16$729.16$729.16
Insurance / mo$216.67$216.67$216.67
MI / mo$220.13$220.13$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,179.65$6,133.80$6,353.21
Cash to close$387,568$84,990$84,990