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$474,440$474,440$554,310
Remaining term (yrs)27.727.730.0
Secondary amount$0$79,870$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.579%7.640%
1st payment$3,165.34$3,165.34$3,837.93
2nd payment$0.00$599.03$0.00
Taxes / mo$513.25$513.25$513.25
Insurance / mo$166.67$166.67$166.67
MI / mo$222.77$222.77$110.86
HOA / mo$0.00$0.00$0.00
Total monthly$4,068.02$4,667.05$4,628.71
Cash to close$141,460$61,590$61,590