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$466,060$466,060$585,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$118,940$0
Funding fee$0$0$0
Note rate6.560%6.560%7.320%
Blended rate7.110%7.291%7.560%
1st payment$3,212.42$3,212.42$4,018.54
2nd payment$0.00$792.93$0.00
Taxes / mo$494.67$494.67$494.67
Insurance / mo$166.67$166.67$166.67
MI / mo$216.85$216.85$117.00
HOA / mo$16.67$16.67$16.67
Total monthly$4,107.27$4,900.20$4,813.55
Cash to close$183,940$65,000$65,000