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$483,042$483,042$521,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$38,868$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.232%7.560%
1st payment$3,193.52$3,193.52$3,585.16
2nd payment$0.00$291.51$0.00
Taxes / mo$456.75$456.75$456.75
Insurance / mo$166.67$166.67$166.67
MI / mo$230.61$230.61$104.38
HOA / mo$35.00$35.00$35.00
Total monthly$4,082.55$4,374.06$4,347.96
Cash to close$96,858$57,990$57,990