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$467,681$467,681$499,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$31,819$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%7.708%7.640%
1st payment$3,234.83$3,234.83$3,458.44
2nd payment$0.00$238.64$0.00
Taxes / mo$298.67$298.67$298.67
Insurance / mo$166.67$166.67$166.67
MI / mo$221.28$221.28$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,921.45$4,160.09$4,023.67
Cash to close$87,319$55,500$55,500