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$465,799$465,799$517,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$51,701$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.435%7.640%
1st payment$2,753.49$2,753.49$3,583.07
2nd payment$0.00$387.76$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$351.23$351.23$103.50
HOA / mo$140.00$140.00$140.00
Total monthly$3,890.56$4,278.32$4,472.40
Cash to close$109,201$57,500$57,500