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$472,165$472,165$895,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$423,335$0
Funding fee$0$0$0
Note rate7.760%7.760%7.320%
Blended rate8.310%8.045%7.560%
1st payment$3,469.50$3,469.50$6,151.46
2nd payment$0.00$2,734.04$0.00
Taxes / mo$257.33$257.33$257.33
Insurance / mo$216.67$216.67$216.67
MI / mo$221.75$221.75$179.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,165.25$6,899.29$6,804.56
Cash to close$522,835$99,500$99,500