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$462,871$462,871$539,100
Remaining term (yrs)27.327.330.0
Secondary amount$0$76,229$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.712%7.640%
1st payment$3,152.30$3,152.30$3,732.62
2nd payment$0.00$571.72$0.00
Taxes / mo$646.17$646.17$646.17
Insurance / mo$166.67$166.67$166.67
MI / mo$218.27$218.27$107.82
HOA / mo$101.00$101.00$101.00
Total monthly$4,284.39$4,856.11$4,754.27
Cash to close$136,129$59,900$59,900