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$477,517$477,517$493,200
Remaining term (yrs)28.828.830.0
Secondary amount$0$43,083$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.734%7.640%
1st payment$3,152.32$3,152.32$3,414.82
2nd payment$0.00$426.34$0.00
Taxes / mo$456.67$456.67$456.67
Insurance / mo$166.67$166.67$166.67
MI / mo$221.40$221.40$98.64
HOA / mo$0.00$0.00$0.00
Total monthly$3,997.05$4,423.39$4,136.79
Cash to close$70,483$27,400$54,800