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$466,525$466,525$530,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$63,575$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.451%7.640%
1st payment$3,095.07$3,095.07$3,670.31
2nd payment$0.00$476.82$0.00
Taxes / mo$503.83$503.83$503.83
Insurance / mo$166.67$166.67$166.67
MI / mo$220.07$220.07$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$3,985.63$4,462.45$4,446.83
Cash to close$122,475$58,900$58,900