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$460,072$460,072$468,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$33,928$0
Funding fee$0$0$0
Note rate6.620%6.620%7.320%
Blended rate7.170%7.493%7.560%
1st payment$3,037.99$3,037.99$3,214.84
2nd payment$0.00$335.75$0.00
Taxes / mo$645.45$645.45$645.45
Insurance / mo$166.67$166.67$166.67
MI / mo$217.57$217.57$93.60
HOA / mo$75.00$75.00$75.00
Total monthly$4,142.67$4,478.42$4,195.55
Cash to close$59,928$26,000$52,000