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$472,345$472,345$675,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$202,655$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.106%7.640%
1st payment$3,044.98$3,044.98$4,673.56
2nd payment$0.00$1,308.81$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$225.95$225.95$135.00
HOA / mo$203.00$203.00$203.00
Total monthly$4,315.59$5,624.40$5,853.23
Cash to close$277,655$75,000$75,000