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$462,397$462,397$629,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$167,513$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.193%7.640%
1st payment$2,944.03$2,944.03$4,361.37
2nd payment$0.00$1,116.75$0.00
Taxes / mo$229.67$229.67$229.67
Insurance / mo$166.67$166.67$166.67
MI / mo$216.85$216.85$125.98
HOA / mo$42.92$42.92$42.92
Total monthly$3,600.14$4,716.89$4,926.60
Cash to close$237,503$69,990$69,990