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$473,430$473,430$508,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$35,070$0
Funding fee$0$0$0
Note rate7.030%7.030%7.320%
Blended rate7.580%7.678%7.560%
1st payment$3,248.99$3,248.99$3,493.04
2nd payment$0.00$263.03$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$223.15$223.15$101.70
HOA / mo$120.00$120.00$120.00
Total monthly$4,229.64$4,492.67$4,352.24
Cash to close$91,570$56,500$56,500