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$458,518$458,518$517,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$58,982$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.298%7.560%
1st payment$2,668.34$2,668.34$3,554.87
2nd payment$0.00$442.36$0.00
Taxes / mo$571.25$571.25$571.25
Insurance / mo$166.67$166.67$166.67
MI / mo$348.11$348.11$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,754.37$4,196.73$4,396.28
Cash to close$116,482$57,500$57,500