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$471,415$471,415$490,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$46,335$0
Funding fee$0$0$0
Note rate6.390%6.390%7.320%
Blended rate6.940%7.382%7.560%
1st payment$3,064.49$3,064.49$3,369.39
2nd payment$0.00$458.53$0.00
Taxes / mo$428.67$428.67$428.67
Insurance / mo$166.67$166.67$166.67
MI / mo$224.78$224.78$98.10
HOA / mo$30.00$30.00$30.00
Total monthly$3,914.61$4,373.13$4,092.83
Cash to close$73,585$27,250$54,500