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$464,606$464,606$539,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$75,304$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.434%7.560%
1st payment$3,023.83$3,023.83$3,708.81
2nd payment$0.00$564.78$0.00
Taxes / mo$230.75$230.75$230.75
Insurance / mo$166.67$166.67$166.67
MI / mo$216.33$216.33$107.98
HOA / mo$14.00$14.00$14.00
Total monthly$3,651.58$4,216.36$4,228.21
Cash to close$135,294$59,990$59,990