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$459,698$459,698$508,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$48,802$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.355%7.560%
1st payment$3,031.96$3,031.96$3,493.04
2nd payment$0.00$366.01$0.00
Taxes / mo$94.33$94.33$94.33
Insurance / mo$166.67$166.67$166.67
MI / mo$216.91$216.91$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,509.87$3,875.89$3,855.74
Cash to close$105,302$56,500$56,500