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$474,006$474,006$485,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$38,044$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.603%7.560%
1st payment$3,171.20$3,171.20$3,332.30
2nd payment$0.00$376.48$0.00
Taxes / mo$449.17$449.17$449.17
Insurance / mo$166.67$166.67$166.67
MI / mo$225.02$225.02$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,012.05$4,388.53$4,045.15
Cash to close$64,994$26,950$53,900