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$476,889$476,889$557,999
Remaining term (yrs)29.329.330.0
Secondary amount$0$81,110$0
Funding fee$0$0$0
Note rate6.210%6.210%7.320%
Blended rate6.760%7.086%7.560%
1st payment$2,943.90$2,943.90$3,833.07
2nd payment$0.00$608.33$0.00
Taxes / mo$495.50$495.50$495.50
Insurance / mo$166.67$166.67$166.67
MI / mo$220.07$220.07$111.60
HOA / mo$104.67$104.67$104.67
Total monthly$3,930.81$4,539.14$4,711.50
Cash to close$143,110$62,000$62,000