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$468,088$468,088$556,196
Remaining term (yrs)26.826.830.0
Secondary amount$0$88,107$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.536%7.640%
1st payment$3,135.06$3,135.06$3,850.99
2nd payment$0.00$660.80$0.00
Taxes / mo$292.58$292.58$292.58
Insurance / mo$166.67$166.67$166.67
MI / mo$222.45$222.45$111.24
HOA / mo$0.00$0.00$0.00
Total monthly$3,816.76$4,477.56$4,421.47
Cash to close$149,907$61,800$61,800