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$472,013$472,013$517,410
Remaining term (yrs)27.827.830.0
Secondary amount$0$45,397$0
Funding fee$0$0$0
Note rate6.990%6.990%7.320%
Blended rate7.540%7.668%7.560%
1st payment$3,207.83$3,207.83$3,554.25
2nd payment$0.00$340.48$0.00
Taxes / mo$479.08$479.08$479.08
Insurance / mo$166.67$166.67$166.67
MI / mo$221.21$221.21$103.48
HOA / mo$104.00$104.00$104.00
Total monthly$4,178.79$4,519.27$4,407.48
Cash to close$102,887$57,490$57,490