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$461,325$461,325$585,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$123,675$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.314%7.640%
1st payment$2,970.09$2,970.09$4,050.42
2nd payment$0.00$824.50$0.00
Taxes / mo$252.17$252.17$252.17
Insurance / mo$166.67$166.67$166.67
MI / mo$213.59$213.59$117.00
HOA / mo$29.17$29.17$29.17
Total monthly$3,631.69$4,456.18$4,615.43
Cash to close$188,675$65,000$65,000