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$460,021$460,021$521,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$61,079$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.711%7.560%
1st payment$3,132.43$3,132.43$3,579.60
2nd payment$0.00$458.09$0.00
Taxes / mo$233.25$233.25$233.25
Insurance / mo$166.67$166.67$166.67
MI / mo$216.01$216.01$104.22
HOA / mo$50.00$50.00$50.00
Total monthly$3,798.36$4,256.45$4,133.73
Cash to close$118,979$57,900$57,900