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$466,884$466,884$521,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$55,026$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.604%7.640%
1st payment$3,181.28$3,181.28$3,613.60
2nd payment$0.00$412.70$0.00
Taxes / mo$483.25$483.25$483.25
Insurance / mo$166.67$166.67$166.67
MI / mo$216.85$216.85$104.38
HOA / mo$306.00$306.00$306.00
Total monthly$4,354.05$4,766.75$4,673.90
Cash to close$113,016$57,990$57,990