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$475,023$475,023$508,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$33,477$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.300%7.640%
1st payment$3,076.75$3,076.75$3,520.75
2nd payment$0.00$251.08$0.00
Taxes / mo$285.08$285.08$285.08
Insurance / mo$166.67$166.67$166.67
MI / mo$220.12$220.12$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,748.61$3,999.69$4,074.20
Cash to close$89,977$56,500$56,500