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$455,810$455,810$517,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$61,690$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.036%7.560%
1st payment$2,808.42$2,808.42$3,554.87
2nd payment$0.00$462.68$0.00
Taxes / mo$654.75$654.75$654.75
Insurance / mo$166.67$166.67$166.67
MI / mo$209.72$209.72$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,839.55$4,302.23$4,479.78
Cash to close$119,190$57,500$57,500