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$483,229$483,229$517,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$34,271$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.525%7.560%
1st payment$3,255.74$3,255.74$3,554.87
2nd payment$0.00$257.04$0.00
Taxes / mo$147.42$147.42$147.42
Insurance / mo$166.67$166.67$166.67
MI / mo$227.27$227.27$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,797.09$4,054.13$3,972.45
Cash to close$91,771$57,500$57,500