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$460,213$460,213$485,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$25,697$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.333%7.560%
1st payment$3,053.19$3,053.19$3,337.86
2nd payment$0.00$192.73$0.00
Taxes / mo$565.17$565.17$565.17
Insurance / mo$166.67$166.67$166.67
MI / mo$217.09$217.09$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$4,002.11$4,194.84$4,166.88
Cash to close$79,687$53,990$53,990