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$467,695$467,695$540,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$72,305$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.660%7.839%7.640%
1st payment$3,187.26$3,187.26$3,738.85
2nd payment$0.00$542.29$0.00
Taxes / mo$190.08$190.08$190.08
Insurance / mo$166.67$166.67$166.67
MI / mo$345.95$345.95$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,889.96$4,432.24$4,203.60
Cash to close$132,305$60,000$60,000