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$471,229$471,229$477,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$32,271$0
Funding fee$0$0$0
Note rate6.340%6.340%7.240%
Blended rate6.890%7.210%7.480%
1st payment$2,957.32$2,957.32$3,250.75
2nd payment$0.00$319.34$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$218.06$218.06$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,783.72$4,103.06$3,954.48
Cash to close$58,771$26,500$53,000