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$476,048$476,048$593,100
Remaining term (yrs)26.326.330.0
Secondary amount$0$117,052$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.340%7.470%7.640%
1st payment$3,143.23$3,143.23$4,106.50
2nd payment$0.00$780.35$0.00
Taxes / mo$549.17$549.17$549.17
Insurance / mo$166.67$166.67$166.67
MI / mo$352.62$352.62$118.62
HOA / mo$0.00$0.00$0.00
Total monthly$4,211.68$4,992.03$4,940.96
Cash to close$182,952$65,900$65,900