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$473,801$473,801$607,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$133,699$0
Funding fee$0$0$0
Note rate6.600%6.600%7.320%
Blended rate7.150%7.337%7.560%
1st payment$3,086.71$3,086.71$4,173.10
2nd payment$0.00$891.33$0.00
Taxes / mo$240.17$240.17$240.17
Insurance / mo$166.67$166.67$166.67
MI / mo$221.52$221.52$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,715.07$4,606.39$4,701.44
Cash to close$201,199$67,500$67,500