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$473,836$473,836$502,200
Remaining term (yrs)28.928.930.0
Secondary amount$0$28,364$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.283%7.640%
1st payment$3,066.16$3,066.16$3,477.13
2nd payment$0.00$212.73$0.00
Taxes / mo$649.75$649.75$649.75
Insurance / mo$166.67$166.67$166.67
MI / mo$219.36$219.36$100.44
HOA / mo$17.92$17.92$17.92
Total monthly$4,119.85$4,332.58$4,411.91
Cash to close$84,164$55,800$55,800