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$459,667$459,667$468,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$34,333$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%5.729%7.640%
1st payment$2,493.83$2,493.83$3,240.34
2nd payment$0.00$339.76$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$351.92$351.92$93.60
HOA / mo$75.00$75.00$75.00
Total monthly$3,520.75$3,860.51$4,008.94
Cash to close$60,333$26,000$52,000