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$466,773$466,773$512,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$46,137$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.535%7.640%
1st payment$3,111.04$3,111.04$3,551.29
2nd payment$0.00$346.03$0.00
Taxes / mo$496.50$496.50$496.50
Insurance / mo$166.67$166.67$166.67
MI / mo$217.83$217.83$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,992.04$4,338.07$4,317.03
Cash to close$103,127$56,990$56,990