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$480,008$480,008$629,999
Remaining term (yrs)26.126.130.0
Secondary amount$0$149,991$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%7.947%7.640%
1st payment$3,358.53$3,358.53$4,361.99
2nd payment$0.00$999.94$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$354.71$354.71$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,463.24$5,463.18$5,237.99
Cash to close$219,991$70,000$70,000