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$459,803$459,803$629,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$169,297$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.030%7.291%7.640%
1st payment$3,029.45$3,029.45$4,355.76
2nd payment$0.00$1,128.65$0.00
Taxes / mo$499.58$499.58$499.58
Insurance / mo$166.67$166.67$166.67
MI / mo$220.13$220.13$125.82
HOA / mo$118.00$118.00$118.00
Total monthly$4,033.83$5,162.48$5,265.83
Cash to close$239,197$69,900$69,900