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$463,929$463,929$585,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$121,071$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.469%7.560%
1st payment$3,124.74$3,124.74$4,018.54
2nd payment$0.00$807.14$0.00
Taxes / mo$489.67$489.67$489.67
Insurance / mo$166.67$166.67$166.67
MI / mo$220.13$220.13$117.00
HOA / mo$169.00$169.00$169.00
Total monthly$4,170.20$4,977.34$4,960.88
Cash to close$186,071$65,000$65,000